Zheng, Lin; Balsara, Nauzer; Huang, Haiyu - In: Social Responsibility Journal 10 (2014) 2, pp. 226-245
/implications – Taken as a whole, our analyses suggest that the entrenchment effect from blockholders seems to dominate the incentive effect … blockholders. Third, our research design addresses a weakness in earlier studies which are biased exclusively on state ownership to … the exclusion of all other blockholders. …
