ownership. Further analysis documents that the exit threat of institutional shareholders can discipline earnings management … associated with profit promises. We also show that the effect of institutional shareholders in reducing earnings management …We examine the effectiveness of institutional investors in constraining aggressive earnings management induced by …

permits “horizontal” claims against controlling or oppressive shareholders in addition to “vertical” claims against orthodox … underlying derivative actions directed at corporate fiduciaries, on one hand, and others (such as controlling shareholders), on … derivative lawsuit itself was included in the 2006 PRC Company Law revision precisely so as to give minority shareholders in such …

directors, a high proportion of management shareholders, a low proportion of institutional investors and those belonging to the … 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 …