Bajuri, Norkhairul Hafiz; Chakravarty, Shanti; Hashim, … - In: Asian Academy of Management Journal of Accounting and … 10 (2014) 1, pp. 75-94
Shareholding size is a poor proxy for corporate control. At best it reflects an investor’s wealth relative to other shareholders and, most importantly, the distribution of rights to a company’s worth and the related exposure to risk. Shareholding size does not actually show an...