Controlling shareholders and investment-risk sensitivity in an emerging economy
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DOI: 10.1016/j.ememar.2019.04.002
Abstract: Abstract In this paper, we investigate the role of agency conflicts between controlling and minority shareholders on the investment-risk relationship. Using panel data from 412 Brazilian firms between 1997 and 2010, we show that investment… read more here.
Keywords: investment risk; controlling shareholders; risk; sensitivity ... See more keywords