position to benefit themselves at the expense of minority shareholders -- were endemic to corporations in the late …, however, was to give controlling shareholders the power to extract more than their fair share of their enterprise's profits …

minority shareholders. We provide evidence and a model that explains propping. In particular, we suggest that issuing debt can …

private, adverse information about future performance and wish to discourage scrutiny by shareholders, activists, and the … media. However, shareholders do not appear to decode this signal, since the disclosure of meeting locations leads to little …

Large shareholders may play an important role for firm performance and policies, but identifying this empirically … to separate selection from treatment effects of large shareholders. Individual blockholders tend to hold blocks in public …. These shareholders have a large impact on firms, controlling for selection effects …

. In some cases shareholders are pushing companies to take actions that may reduce market value. It is hard to understand …

work on shareholders and shareholder activism, directors, executives and their compensation, controlling shareholders …

important in curbing these private benefits. A high degree of statutory protection of minority shareholders and high degree of …

an information ea between management and outside shareholders. In the presence of such a gap, maximizing short-run and … actions that will reduce long-run value. In such a case, management faces the dilemma of which shareholders to please: those …

shareholders from the complex, pyramidal, and often obscure corporate structures. First, we show that there are large differences …

managers, institutional investors, small shareholders, auditors, and other parties involved in corporate governance. The lower …