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Firm Performance, Financial Institutions and Corporate Governance in the Netherlands
Chirinko, Robert S.; Ees, Hans van; Garretsen, Harry; … - CESifo - 1999
ownership by banks. Because of various defense mechanisms the role of the shareholder is very limited in the Netherlands … is a direct positive link between share o wnership by banks and the firms` short-term bank loans, which indicates the …
Persistent link: https://www.econbiz.de/10005766022
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Investor Protections and Concentrated Ownership: Assessing Corporate Control Mechanisms in the Netherlands
Chirinko, Robert S.; Ees, Hans van; Garretsen, Harry; … - CESifo - 2003
The Berle-Means problem - information and incentive asymmetries disrupting relations between knowledgeable managers and remote investors - has remained a durable issue engaging researchers since the 1930's. However, the Berle-Means paradigm - widely-dispersed, helpless investors facing strong,...
Persistent link: https://www.econbiz.de/10005181633