Unveiling the Role of Multiple blockholders: Evidence from Closely Held Firms.
- Authors: Russino, A., Picone, P. M., Dagnino, G. B.
- Publication year: 2019
- Type: Articolo in rivista
- OA Link: http://hdl.handle.net/10447/363701
Abstract
This paper disentangles how the modes of ownership distribution among multiple blockholders and their heterogeneity shape principal-principal conflicts and, in turn, affect firm performance. The paper offers empirical evidence from a panel of Italian closely held firms over the period 2009-2014.