Liu, Jingwan; Tang, Wei; Zhao, Xingzhu - In: Journal of applied economics 26 (2023) 1, pp. 1-24
shareholders and corporate risk. The findings suggest that celebrity shareholders increased corporate risk. And the main reason is …. Furthermore, this study finds that celebrity shareholders had a greater impact on corporate risk among firms with no independent … directors, a high proportion of management shareholders, a low proportion of institutional investors and those belonging to the …