Alves, Sandra - In: Cogent economics & finance 11 (2023) 1, pp. 1-23
pattern of "alignment-entrenchment-alignment". In Portugal and Spain, the convergence of interest effect dominates the … entrenchment effect in the low and high ranges of managerial ownership, leading to the conclusion that a policy of providing …. In contrast, in Spain, the entrenchment effect dominates the convergence of interest effect in the intermediate range of …