Hanousek, Jan; Kocenda, Evzen; Shamshur, Anastasiya - C.E.P.R. Discussion Papers - 2015
Europe. We find that (i) larger firms are less efficient than smaller firms, (ii) greater leverage contributes to corporate …, we find that (iv) efficiency increases when a majority owner must deal with minority shareholders and that (v) domestic … majority owners improve efficiency more than foreign majority owners when no minority shareholders are present, but (vi) the …