Pagano, Marco (contributor); Volpin, Paolo (contributor) - 2001 - [Elektronische Ressource]
ownership structure of firms.1 These studies
take the degree of investor protection as an exogenous variable. However, legal … on the set of rules that affords them the
highest degree of protection. Several studies surveyed in Karolyi (1998) show … either some exogenous event were to change the expectations, for instance by
increasing the diffusion of equity among the …