Karolyi, G. Andrew; Doidge, Craig; Lins, Karl V.; … - National Bureau of Economic Research (NBER) - 2005
high, controlling shareholders are less likely to choose to list their firm's shares in the U.S. because the higher … 31 countries. Using logistic regression analysis, we show that the control rights held by controlling shareholders, as … lower for firms whose managers have high levels of control and for firms whose controlling shareholder owns more control …