diversification across large shareholders. Exploiting this heterogeneity, we document that firms controlled by diversified large … shareholder diversification on corporate risk-taking is both economically and statistically significant. Our results have … welfare. -- Risk-taking choices ; Large shareholders ; Portfolio diversification …

diversification across large shareholders. Exploiting this heterogeneity, we document that firms controlled by diversified large … shareholder diversification on corporate risk-taking is both economically and statistically significant. Our results have …

diversification on bank risk-taking. Our results show that the relation between portfolio diversification and bank risk-taking is both … time a specific channel through which financial development, in the form of bank shareholders' diversification, affects the …