Foreign strategic ownership and minority shareholder protection
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DOI: 10.1016/j.ememar.2019.03.005
Abstract: Abstract We show foreign strategic investors provide monitoring protection, by reducing tunneling through intercorporate loans. Further, foreign strategic investors mitigate minority shareholders expropriation through controlling excessive borrowing, whereas firms without foreign-founders channel excessive borrowing to… read more here.
Keywords: protection; strategic investors; ownership minority; strategic ownership ... See more keywords