This paper disentangles how the modes of ownership distribution among multiple blockholders and their heterogeneity shape principal-principal conflicts and, in turn, affect firm performance. The paper offers empirical evidence from a panel of Italian closely held firms over the period 2009-2014.
Russino, A. (2019). Unveiling the Role of Multiple blockholders: Evidence from Closely Held Firms. CORPORATE GOVERNANCE, 27(6), 477-502 [10.1111/corg.12299].
Unveiling the Role of Multiple blockholders: Evidence from Closely Held Firms.
Russino A.;Picone P. M.
;
2019-01-01
Abstract
This paper disentangles how the modes of ownership distribution among multiple blockholders and their heterogeneity shape principal-principal conflicts and, in turn, affect firm performance. The paper offers empirical evidence from a panel of Italian closely held firms over the period 2009-2014.
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