Do investors with concentrated shareholding infringe on the value of more-fragmented shareholders ("parasites") or … facilitate the growth of firm value for all shareholders ("paragons")? In a major ownership reform of Chinese listed firms, we … obtain evidence which suggests that larger minority shareholders undertook certain actions both for a rent-seeking purpose …

minority shareholders extract dividend from the firms as an outcome of legal protection in a manner that mitigates problem of … appear to ensure protection of minority shareholders right and that, in turn, is consistent with the global ranking and …