different types of controlling shareholders. In a context of concentrated ownership and poor investor protection, controlling … shareholders can easily expropriate wealth from minority shareholders and profit from private benefits of control. However, this … shareholders. Using an audit fee model derived from Simunic (1980), we study the impact of the nature of controlling shareholders …

We examine the link between the intensity of product market competition and the dividend models of agency conflicts in …. Product market competition alleviates the effects of agency conflicts and corporate governance practices on dividend policies. …