Investor Protections and Concentrated Ownership: Assessing Corporate Control Mechanisms in the Netherlands
The Berle-Means problem - information and incentive asymmetries disrupting relations between knowledgeable managers and remote investors - has remained a durable issue engaging researchers since the 1930's. However, the Berle-Means paradigm - widely-dispersed, helpless investors facing strong, entrenched managers - is under stress in the wake of the cross-country evidence presented by La Porta, Lopez-de-Silanes, Shleifer, and Vishny and their legal approach to corporate control. This paper continues to investigate the roles of investor protections and concentrated ownership by examining firm b... Mehr ...
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Dokumenttyp: | doc-type:workingPaper |
Erscheinungsdatum: | 2003 |
Verlag/Hrsg.: |
Munich: Center for Economic Studies and ifo Institute (CESifo)
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Schlagwörter: | ddc:330 / G30 |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-27625001 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10419/76372 |