Burkart, Mike; Lee, Samuel - Institute for Financial Research (SIFR) - 2007
threat and provides less alignment with other shareholders. Even so, minority shareholder protection is not a compelling … mandating one share – one vote must be to disempower controlling minority shareholders in order to promote value …-increasing takeovers. As this policy tends to empower managers vis-a-vis shareholders, it is an open question whether it would improve the …