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and economically sound public fund management practices in these funds, as well as how to evaluate their governance and … finance literature, we also link their management to governance practices and country-specific characteristics, and contrast …
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In this paper we aim to trace the roots of the ongoing economic mayhem and to unmask the chorus of the tragedy which plays on the world stage. The main thesis of our work is that, despite the triumphant rhetoric praising the merits of perfect competition, the global fields of the dysfunctional...
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important in curbing these private benefits. A high degree of statutory protection of minority shareholders and high degree of …
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shareholders from the complex, pyramidal, and often obscure corporate structures. First, we show that there are large differences …
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minority shareholders. We provide evidence and a model that explains propping. In particular, we suggest that issuing debt can …
Persistent link: https://www.econbiz.de/10012468748