. We use a simple discrete model comparing the capital ownership stake of the controlling shareholder with that of the … conflict between outside and controlling shareholders. It may self-regulate the two parties involved in a control contract. The … setting of joint ownership between the controlling shareholder and outside investors depends on the perceived level of private …

The leveraging of control is the possibility for the controlling shareholder to lower his direct participation in …

We examine how ownership concentration and the separation of ownership and control affect market liquidity in France … concentrating control affect liquidity in different ways. Pyramid structures negatively affect liquidity for all pyramiding firms …. Double voting right shares, a French specific means of control enhancement rewarding long-term shareholders, lead to …

We examine how ownership concentration and the separation of ownership and control affect secondary-market liquidity in … of enhancing control affect liquidity in different ways. Pyramid structures impair market liquidity. Double voting right … shares, a French specific means of control enhancement rewarding long-term shareholders and restraining insiders from trading …

In the theoretical framework of corporate governance this article studies the efficiency of the control exerted by the … ownership structure and the board of directors on managers. The confrontation of entrenchment theory and agency theory allows to … determine the necessary conditions of the controller's efficiency. The ownership structure and the board of directors rarely …

self-regulation mechanism may develop even in the situation of control by a dominant shareholder. The joint questions of … ownership, private benefits, and debt levels are linked. At low levels of debt, debt is relatively less disciplinary compared …

period 1998-2009 is empirically tested. It supports an inverted U-shape relationship between shareholders' ownership and … leverage. At low levels of ownership, controlling shareholders use more debt in order to inflate their stake in capital and to … resist unfriendly takeovers attempts. When ownership reaches a certain point, controlling shareholders' objectives further …