This research analyzes the impact of control by dominant institutional owners (banking institutions and investment funds) on firm value. The analysis considers the level of voting rights in the hands of the dominant institutional owner and other large shareholders. The results reveal a different...

This paper analyses the relationship regarding the divergence between the voting rights and cash flows in the hands of the main shareholder of a pyramidal group with a level of indebtedness. The outcome obtained from a sample of Spanish non financial quoted companies in the 1996-2006 period...

This work examines the relationship between the family control and informativeness of accounting earnings in listed non-financial Spanish companies between 1997 and 2003. The results reveal a negative relationship between the family nature of the controlling shareholder and the credibility of...