Pagano, Marco (contributor); Volpin, Paolo (contributor) - 2001 - [Elektronische Ressource]
. Politics and Corporate Finance
Politics can affect the balance of power between company “insiders” (managers and
controlling … shareholders) and “outsiders” (non-controlling shareholders), in keeping
with Hellwig’s (2000) distinction. It does so by … reduce the risk of
expropriation by managers and controlling shareholders. Through this channel, better
legal protection …