Using the most recent data available, I examine the influence of large shareholders and institutional investors on …

I investigate whether implementation of the mandatory bid rule – the rule that grants all shareholders the right to …

I examine large shareholders' externalities on other claim holders when firms are financially distressed. To this end …

hedge funds represent the largest filer group, the sample contains a diverse set of other activist shareholders. This raises …

protection of the minority shareholders in privatized firms. Consistent with the government's incentive to foster security market … effectively monitors the controlling shareholders in the newly privatized firms and curbs their ability to expropriate the … minority shareholders. Furthermore, the evidence suggests that minority government ownership acts as a substitute for the lack …

companies and revealing how these institutional investors behave and vote at shareholders' meetings. The results show growing …

This paper analyzes the relationship between ownership structure (shareholders' stake and identity) and corporate risk … also find a trend to the alignment of interests between the largest shareholder and the other large shareholders, so that …

This paper studies the payout policy of Italian firms controlled by large majority shareholders (controlled firms). The … controlling shareholders have strong incentives to expropriate minority shareholders, tend to prefer dividends over repurchases …