The objective of this study is to explore the link between controlling shareholder entrenchment and firm performance while focusing on the mitigating effects of corporate governance practices. This research is conducted in Canada covering a six-year period from 2002 to 2007 and uses panel data...

Public firms throughout the world tend to be controlled by large shareholders who possess significant control rights in excess of their cash-flow rights (excess control). Extensive evidence suggests that concentrated ownership structures and excess control entail large agency costs. However,...