Chung, Huimin; Lin, Jane Raung; Yang, Ying Sui - In: Journal of Multinational Financial Management 22 (2012) 5, pp. 263-277
This study examines the impact of managerial entrenchment on non-shareholding stakeholders. We find that managers tend to focus different levels of attention on specific non-shareholding stakeholders relative to their level of entrenchment. When managers have greater protection, they tend to...