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 …

shareholders far removed from the firm's day-to-day operations; and delegated management, which opens up the possibility for … appointment rights, by which shareholders retain the right to appoint and remove directors. Next, it focuses on core decision … in the regulation of executive compensation. The chapter briefly reviews legal rules and standards and disclosure as …