shareholders and corporate risk. The findings suggest that celebrity shareholders increased corporate risk. And the main reason is …. Furthermore, this study finds that celebrity shareholders had a greater impact on corporate risk among firms with no independent … directors, a high proportion of management shareholders, a low proportion of institutional investors and those belonging to the …

the minority shareholders by changing the internal monitoring mechanisms of the managers … exposure to stock price changes has forced the owners Chinese SOEs to evaluate the managers for the poor stock performance …. This also shows that alignment in the incentives of the minority and majority shareholders helps protect the interests of …