Hamida, Hela Ben; Mamoghli, Chokri - In: Afro-Asian Journal of Finance and Accounting 1 (2009) 3, pp. 199-214
listed non-financial firms from eight Asian countries for 1996, we find that firm value increases with cash-flow rights of … performance for some Asian countries. More precisely, we test the incentive effect hypothesis. Using data for 1,740 publicly … environment offers better protection for minority shareholders. Moreover, the positive effect of ultimate shareholder cash …