shareholders is smaller or when savings banks are family firms. Practical implications: Outside directors can not only play the …

and, specifically, on the insurance companies as hospital dominant shareholders with respect to other types of … shareholders. Arguments from the ownership and strategic management literatures are used from a theoretical point of view …. Specifically, this paper analyses empirically the effects of insurance companies as controlling shareholders on the financial …

with theory of the firm based on conflicts of interests between shareholders and stakeholders, we find that establishments … of firms that experience an increase in ownership by larger and more concentrated institutional shareholders have lower … local labor markets, and for dedicated and activist institutional shareholders. The labor losses are accompanied by higher …

certification of foreign institutional investors mitigates domestic minority shareholders’ mistrust of controlling shareholders …’ reform plans and facilitates the SSSR. Domestic minority shareholders cast fewer dissenting votes and complete the SSSR with … institutional investors’ prestige is a key factor in aligning domestic minority shareholders towards seeking long-term payoffs. With …

presence of dominant shareholders. Our results show that shareholder coalitions affect payout policy negatively (both for … new evidence on the effects of corporate control mechanisms on shareholders wealth; this evidence is complementary to the …

Purpose: The purpose of this paper is to examine the effect of private benefits of control on minority shareholders … theoretical model shows that, while private benefits are generally harmful to minority shareholders, the overall effect depends on …