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 … much severer in politically connected firms. The results are not due to firms with high tendency of expropriation …

Purpose: This study explores the probability of expropriation of minority shareholders by controlling shareholders in … ownership. We empirically address the issues between executive compensation and expropriation of minority shareholders …-2010.Design/methodology/approach: We use a direct method to gauge controlling shareholders' tunneling and expropriation of …

Studies of the incentives behind the expropriation of minority shareholders of publicly listed firms by their … of publicly listed firms and their non-listed parents and assess expropriation by examining cash balances on the publicly …