costs. Family-controlled firms and coalitions among non-controlling shareholders seem helpful in reducing agency costs. The … results suggest that coalitions among non-controlling shareholders both in family and non-family firms reduce agency costs …

Western economists have argued that the legal environment for the protection of minority shareholders and mechanisms … for restricting the expropriation of minority shareholders will be important in determining the size and extent of a … country's capital markets. In China, the protection of minority shareholders is officially regarded as a major regulatory …

‘Shareholder rights' are the legal entitlements of shareholders via-a-vis companies in which they invest. A large body … that without accountability, managers and dominant shareholders will use their power to further their own interests at the … rights in ways that can be excessive. This can harm not only other constituencies but also shareholders, as it can promote …

One of the measures foreseen in the Shareholder Rights Directive for enhancement of the rights of shareholders is the …

corporate governance scholars should understand the nonfinancial motivations of shareholders when evaluating potential conflicts … controlling-versus-minority shareholders. Lastly, the PP literature should shift its rhetoric from conflicts to a good balance …

shareholders. As a result, these directors have incentives to go along with controllers' wishes, or, at least, inadequate … that allows policymakers to produce the precise balance of power between controlling shareholders and public investors that …