This paper studies the effect of the controlling shareholder’s financial background on the corporate financialization …. We find that controlling shareholder’s financial background has a significant positive impact on corporate … real investment environment. Firms with financial controlling shareholders will increase long-term value reserving …

least in share companies) to the detriment of shareholders, shareholders retain a significant role. This role arises out of … to verify the actual role played by shareholders in the principal decisions relating to the financial structure of a … corporation. More precisely it aims to demonstrate that, through specific provisions in the corporate by-laws, shareholders have …