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 …

In 2005, China carried on a major reform that allows the previously untradeable shares controlled by large shareholders … to become tradable in the secondary market. This reform and subsequent dramatic change of behavior of large shareholders … offer researchers a unique experiment to study the behavior of controlling shareholders and its implication for corporate …

voting minority shareholders, we examine whether giving minority shareholders increased control over corporate decisions … fund ownership. There is also weak evidence that minority shareholders are more likely to veto value-decreasing equity … that in weak investor protection countries, the effect of granting minority shareholders increased control over corporate …

strengthening shareholder power to alleviate the conflict between shareholders and management can also have the unintended … consequence of intensifying the conflict between current and future shareholders …

of associations have no major impact on shareholders' engagements. Corporate performance and other governance mechanisms … debate of shareholder empowerment. The agenda and hence the role of shareholders should be restructured. The AGM should be …

hampers raising funds from dispersed shareholders. This trade-off yields the described U-shape relationship …

shareholder protections are less likely to have the entrenchment of the controlling shareholders, while minority shareholders in …

We consider the allocation of corporate control in a company with two large and a continuum of small shareholders …. Control is determined in a shareholders' meeting, where the large shareholders submit competing proposals in order to attract … the vote of small shareholders. The presence of multiple shareholders reduces private benefits through competition for …