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 …

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 …

mandates all shareholders with holdings of 5 percent or more in Dutch companies to disclose their holdings. Our analysis shows … that the average ownership stakes of the largest and the three largest shareholders are 27% and 41%, respectively. The …

executive directors, also without a successor appointment, are value relevant in the Netherlands where external control …

. Listed firms in the Netherlands have a long tradition of employing many anti-shareholder mechanisms limiting shareholders …

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 …

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 …