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 …

for stock corporations. Recent empirical evidence, moreover, suggests that bank shareholders pushed for greater risk …

account for endogeneity concerns. Overall, our findings support the view that shareholders consider the adoption of a value …

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

suppliers as well as shareholders compared to shareholderoriented firms. Societies with stakeholder-oriented firms have higher …