Doidge, Craig (contributor); Karolyi, G. Andrew (contributor) - 2004 - [Elektronische Ressource]
, there would be
no differences across countries in the degree to which investors are expropriated by controlling
5 … extraction of private benefits from the firm
by controlling shareholders (Johnson, Boone, Breach, and Friedman, 2000; Lombardo … to the firm, or that it is costly to the
controlling shareholder. Regardless of the approach taken, they establish that …