We investigate the effects of ownership concentration and corporate governance on the extent of risk-taking in an important emerging economy- Thailand. Ownership in Thai firms are substantially more concentrated than that in developed economies, providing a unique opportunity to study the effect...

Purpose: Capitalizing on a unique measure of takeover susceptibility principally based on the staggered implementation of state laws, we explore the takeover market’s effect on managerial ownership. The market for corporate control, often known as the takeover market, is an important external...