The effect of ownership-control divergence on investment sensitivity to idiosyncratic risk: evidence from an emerging economy
This study investigates the moderating role of the agency conflict between controlling and minority shareholders on the investment-risk relationship. When the ownership-control structure is concentrated, the agency theory indicates that the separation between cash-flow rights and voting rights induc...
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| Format: | Others |
| Language: | en |
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Biblioteca Digitais de Teses e Dissertações da USP
2018
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| Online Access: | http://www.teses.usp.br/teses/disponiveis/18/18157/tde-16042018-103130/ |