Jara Bertín, Mauricio; López Iturriaga, Felix J.; San … - In: Business research quarterly : BRQ 22 (2019) 4, pp. 257-274
. Furthermore, contestability has a greater influence in family firms that have the most concentrated ownership. We also find that … the legal framework attenuates the impact of the balance of ownership. Here, contesting control acts as an internal …, oversight by multiple large, non-related shareholders (balanced ownership concentration) becomes an important governance …