Do controlling shareholders' expropriation incentives imply a link between corporate governance and firm value? Theory and evidence

We develop and test a model that investigates how controlling shareholders' expropriation incentives affect firm values during crisis and subsequent recovery periods. Consistent with the prediction of our model, we find that, during the 1997 Asian financial crisis, Asian firms with weaker corpo...

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Bibliographic Details
Main Authors: Bae, Kee-Hong, Baek, Jae-Seung, Kang, Jun-Koo, Liu, Wei-Lin
Other Authors: Nanyang Business School
Format: Article
Language:English
Published: 2013
Subjects:
Online Access:https://hdl.handle.net/10356/97936
http://hdl.handle.net/10220/18083
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Institution: Nanyang Technological University
Language: English