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 …

corporate control market from 2001 to 2008. We use related party transactions amount to capture control shareholders’ tunneling …

to an influential argument, activist shareholders can offer a solution by supplying large investment managers with … shareholders – have different visions of stewardship with little scope for interactions. For large investment managers, general …

The paper aims to empirically assess the threshold effect in the large shareholders (LS) and bank performance … large shareholders-bank performance relationship. Additionally, results show that this effect differs across regions. More … specifically, we found that, below the threshold, large shareholders significantly decrease bank performance for the whole sample …

measure of ownership concentration explaining the actual influence of shareholders over the managerial decision. Seven …

the protection of shareholders against shirking of the board members and the officers increased significantly. The … protection of minority shareholders against the expropriation of major shareholders remained unchanged. In light of these … suggests that other variables, like the presence of activist shareholders, might be much more influential than the development …

favored small over large shareholders. In recent years, both legal scholars and economists have sought to explain these … schemes as a rough form of investor protection, shielding small shareholders from exploitation by controlling shareholders in … protect shareholders as investors, but to protect them as consumers. The firms adopting such rules were frequently local …