Tran Thi, Que Giang - Université Paris-Dauphine (Paris IX) - 2005
restructuring, the ownership structure of firms in these countries takes a clearer form. This evolution of ownership structure has a … countries, our sample includes firms with a foreign ownership majority. Our results, in contradiction with alignment of interest … theory, rather corroborate the entrenchment theory. We find a negative relationship between the concentrated ownership and …