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and, specifically, on the insurance companies as hospital dominant shareholders with respect to other types of …. Specifically, this paper analyses empirically the effects of insurance companies as controlling shareholders on the financial … insurance companies as controlling shareholders are less profitable and have a lower operating margin than do those controlled …
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It is one of the well-known cornerstones of corporate governance that (minority) share-holders are subject to a risk of being expropriated by the controller of the firm, i.e. either entrenched management under a dispersed ownership structure or a controlling share-holder under concentrated...
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