Matias Gama, Ana Paula; Rodrigues, Cecília - In: Corporate Governance: The international journal of … 13 (2013) 4, pp. 439-456
Purpose – Combining ownership and management might lead concentrated shareholders, such as families, to wealth expropriation. The lack of external monitors and disciplinary agents potentially permits them to pursue this path. Thus, monitoring activity is one of the major drawbacks in family...