, increase corporate risk-taking by monitor and discipline the controlling shareholder’s self-serving decisions. However, as … contradict the expectation of most prior studies on the influence of individual shareholders on corporate risk-taking. …Purpose: This study examines the influence of individual blockholders on corporate risk-taking using Korean-listed firm …

We examine how the market values operating assets in the presence of time-varying ex ante risk that these assets may be … of current assets (cash balances, trade receivables, receivables due from the controlling shareholders, inventories) and … fixed assets on the publicly listed firm’s balance sheet. Our results show that in periods when the risk of tunneling from …

It is a ubiquitous corporate governance phenomenon in many countries that shareholders pledge their ownership as … shareholders. With a sample consisted of 21,921 firm-year observations from 2007 to 2018, we find a significant casual negative … impact that dominant stockholder's share pledging has on both systematic right-tail risk and left-tail risk. Furthermore, we …