Hamida, Hela Ben; Mamoghli, Chokri - In: Afro-Asian Journal of Finance and Accounting 1 (2009) 3, pp. 199-214
In this paper we investigate the causal relationship between ultimate shareholder's cash-flow rights and firm valuation performance for some Asian countries. More precisely, we test the incentive effect hypothesis. Using data for 1,740 publicly listed non-financial firms from eight Asian...
