Large Shareholders, Monitoring, and the Value of the Firm
- 1 August 1997
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 112 (3) , 693-728
- https://doi.org/10.1162/003355397555325
Abstract
We propose that dispersed outside ownership and the resulting managerial discretion come with costs but also with benefits. Even when tight control bKeywords
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