The conflict of interests between controlling and minority shareholders is an important issue in firms with concentrated ownership. We document that the controlling shareholders' expropriation behavior through tunneling or self-dealing is much severer in politically connected firms. The results...

The purpose of this concept paper is to suggest a theoretical framework for understanding the post-privatisation performance of statutory bodies, subject to government shareholding. We identify a suitable model, from the analytical economics literature. We argue that this model is a...

Both firms and governments are increasingly taking steps to address sustainability, and at the same time the issue of governance has become more prominent due to the numerous problems in public and business life which have manifest failures in governance. As initiatives for sustainability...

В условиях глобализации все больше увеличивается значимость вопроса повышения конкурентоспособности экономики, которая диктует необходимость формирования...