Shareholders' voting rights are supposed to be a fundamental asset, giving shareholders a say in the most important … in Europe and Asia. This paper examines the role that proxy advisors are playing in France and Japan to determine if a …

different types of controlling shareholders. In a context of ownership concentration and poor investor protection, controlling … shareholders can easily expropriate minority shareholders and profit from private benefits of control. However, this agency … conflict has been rarely studied, as the most commonly assumed agency conflict resides between managers and shareholders. Using …

different types of controlling shareholders. In a context of concentrated ownership and poor investor protection, controlling … shareholders can easily expropriate wealth from minority shareholders and profit from private benefits of control. However, this … shareholders. Using an audit fee model derived from Simunic (1980), we study the impact of the nature of controlling shareholders …