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Purpose: This study explores the probability of expropriation of minority shareholders by controlling shareholders in …-2010.Design/methodology/approach: We use a direct method to gauge controlling shareholders' tunneling and expropriation of … ownership. We empirically address the issues between executive compensation and expropriation of minority shareholders …
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We show that firms with corporate charitable foundations increased shareholder distributions by less than one half as much as similar firms without foundations following the 2003 capital income tax cut, even after controlling for common explanatory factors such as executive shareholding. The...
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