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 …

Around the world (with the U.S. and U.K. as exceptions) concentrated ownership structures and controlling shareholders … are predominant even among listed firms. We provide novel empirical evidence how such controlling shareholders, in … family and non-family controlling shareholders and tensions within the founding family are important determinants of payout …

Familienunternehmen gelten in der öffentlichen Wahrnehmung als besonders innovativ und als Hidden Champions der … unterschiedlichen Ergebnissen. Einerseits wird Familienunternehmen ein besonderer Unternehmergeist bescheinigt, der sie besonders …

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 …