Corporate governance aims to reduce expropriation of investors by managers. This thesis identifies and empirically … characteristic for emerging markets, including Poland, where large shareholders have the power to monitor managers and can act as a …

shareholders and management. Existing literature is mainly concerned with the impact of managerial ownership on firm performance …. Little evidence is provided on the impact of general ownership concentration, including multiple large shareholders, on firm … largest three shareholders own more than 60% ownership of company. Industrial companies hold direct controls of European non …

is critically affected by Twin Agency Problems: firstly, the controlling shareholders can use their power for their own … at the expense of all shareholders. When these agency problems worsen, diffuse ownership is inefficient and ownership …

, however measured, and the range of activities conducted by them. Is size positively related to total returns to shareholders …? If so, does this involve gains in efficiency or transfers of wealth to shareholders from other constituencies, or maybe … shareholders and customers, or can it work against their interests in ways that may ultimately impede shareholder value as well …