in Europe and Latin America, where several governments are large shareholders in a variety of public firms. In a sense …, the subprime crisis induced these governments to behave as active large shareholders. This paper uses a sample of public … firms in Brazil to show that government activism lowers the value of minority shareholders' voting rights. While the …

We test under what circumstances boards discipline managers and whether such interventions improve performance. We … are considerably more likely to eventually sell them at a profit. -- Corporate Governance ; Large Shareholders ; Boards of …

with 20 or more employees comprising 1993-1995 CIS II data on firm innovation strategic motivations and 1995-1998 data on … model in which the covariates include firm strategies (innovation and environmental), and a set of other explanatory … negative impact from environmental innovation strategy, implying either a short-medium effect, possibly balanced in the long …