Ecchia, Giulio; Gelter, Martin; Pasotti, Piero - 2011
It is one of the well-known cornerstones of corporate governance that (minority) share-holders are subject to a risk of … recognize the role of employees and other "nonshareholder constituencies" during the past years. While potential shareholders … resources from (other) shareholders and employees. We also analyze how these incentives vary, between firms, according to the …