firm value which indicated the existence of expropriation due to long tenure of independent directors and whether …

concentrated ownership. We document that the controlling shareholders' expropriation behavior through tunneling or self-dealing is … much severer in politically connected firms. The results are not due to firms with high tendency of expropriation … establishing connection for protection, but because of a less concern of capital market punishment. We show that expropriation is …

Studies of the incentives behind the expropriation of minority shareholders of publicly listed firms by their … of publicly listed firms and their non-listed parents and assess expropriation by examining cash balances on the publicly …

In the presence of business groups, the expropriation through related party transactions (RPTs) is common and costly to … expropriation. Minority shareholders actively raise their voice against RPT resolutions, resulting in substantial shareholder …

Literatures of corporate governance claim that expropriation by controlling owner towards the listed firm emerges when …. Results show that: the larger control right and the Smaller cash flow right ear, size of expropriation becomes bigger; the … expropriation is apparent For state controlled listed companies, though private owned firms do not. This is because level of control …