Utama, Cynthia Afriani; Utama, Sidharta; Amarullah, Fitriany - In: Corporate Governance: The International Journal of … 17 (2017) 2, pp. 165-191
shareholders). The two ownership measures reflect alignment and expropriation incentives of controlling shareholders. This study … also examines the effect of multiple large shareholders (MLSs) on CG practice. Design/methodology/approach The study uses … of the second largest shareholders becomes closer to the largest shareholder, the complement relation becomes less …