This study empirically examines the relationship between the blockholder exit threats (ETs) and management tone … positive tone. Blockholder exit threat (ET), following Dou et al. (2018), is proxied by the interaction between stock liquidity … and blockholder competition. To address endogeneity, we employ propensity score matching, the Heckman two-stage method and …

ownership and earnings management negatively influence tax avoidance, whereas institutional and blockholder ownership exhibit a …’s economy and, consequently, its citizens. We explore how insider, institutional, and blockholder ownerships influence companies …

ownership and earnings management negatively influence tax avoidance, whereas institutional and blockholder ownership exhibit a …'s economy and, consequently, its citizens. We explore how insider, institutional, and blockholder ownerships influence companies …

of mergers and acquisitions (M&A) is not apparent at the frm level. Furthermore, the inhibitory efect of blockholder …