Russino, Annalisa - In: International Journal of Financial Studies : open … 11 (2023) 2, pp. 1-15
multiple blockholders. In recent years, the topic has attracted the attention of many scholars. Yet, the empirical evidence on … additional blockholders that can monitor the largest controlling block of shareholders. The first concerns the incentives of the … controlling blockholders to expropriate other shareholders (the alignment effect); the second concerns the incentives for non …