The primary agency problem traditionally existing in the US corporation has been the risk of opportunism of managers vis-à-vis shareholders. By contrast, the primary concern in European corporations has been the risk of opportunism of controlling shareholders vis-à-vis minority shareholders....

Manuscript Type: EmpiricalResearch Question/Issue: This paper studies whether and how diversity among blockholders in their cultural preferences may affect short-term shareholder wealth. Blockholders often hold diverse objectives, leading to principal-principal (PP) conflicts in cross-border...

"Indispensable coverage of new federal regulatory reforms and federal financial issuesAn essential guide covering new federal regulatory reforms and federal financial issuesFinancial Institutions, Valuations, Mergers and Acquisitions, Third Edition presents a new regulatory framework for...