this phenomenon on the basis of percentage limits which require share-holders to hold a minimum amount of shares in order … to bring a lawsuit. We show that, under this legal regime, managers will collude with large shareholders by means of … settlements or bribes that impose a negative externality on small shareholders. Contrary to conventional agency models, we find …

investors. In a famous study by La Porta et al. (1998) it is concluded that the rights of shareholders are more advanced in … for equal treatment of shareholders. Moreover, we review the spezial rules of minority protection in our Companies Act to … provide a broader view of the legal landscape that Finnish minority shareholders inhabit. In passing, we make some comparisons …

This essay discusses the corporate governance of banks. Bank managers must balance competing demands from shareholders … third section then spells out a recommendation for a logically consistent regime in which shareholders (equity governance …

When a firm has external debt and monitoring by shareholders is essential, managerial bonuses are shown to be an … shareholders, but also between creditors and monitoring shareholders. A negative relation between corporate bond yields and …

operate against shareholders' interests, despite the very substantial potential for agency problems. More directors were … was concerned: company directors were not simply ornamental. A greater number of shareholders was more in shareholders …

which shareholders monitored and exercised voice to one where there was more reliance on external forces and exiting …

The most influential approach of corporate governance, the view of shareholders supremacy does not take into … aligned to shareholder interests by making the board more responsible to shareholders, and monitoring of top management by … exploitation by shareholders. Employees therefore refuse to make firmspecific investments. To gain a sustainable competitive …