firms in Brazil to show that government activism lowers the value of minority shareholders' voting rights. While the … provide evidence that the government-induced decline in the value of voting rights harmed minority shareholders in Brazil. … in Europe and Latin America, where several governments are large shareholders in a variety of public firms. In a sense …

state ownership. This paper examines Brazil's efforts to address agency conflicts in SOEs, including new legislation (Law …

of their fiduciary responsibilities to their shareholders? Can they do so on a sustainable basis, or will the forces of a …

are considerably more likely to eventually sell them at a profit. -- Corporate Governance ; Large Shareholders ; Boards of …

2000. Our main findings are as follows. First, controlling shareholders offset the dilution of voting rights they incurred … suggests that marginal voting rights are important to controlling shareholders even beyond the 50% threshold. Second, share … unifications were not associated with much change in the identity of controlling shareholders. Third, the proportion of firms …