CORDIS Project
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This research project investigates how the diversification of controlling shareholders influences firms' operating and financial strategies. It explores the impact of this diversification on risk-taking, profitability, and competition among firms, utilizing comprehensive data to analyze these relationships.
In this research we are interested in examining the effects of controlling shareholder diversification on firms’ operating strategies and outcomes.
Our project involves the following logical building blocks: 1.Firms vary with respect to the degree of controlling shareholder diversification. 2.Firms’ controlling shareholder diversification feeds into their objective functions and in particular, their risk taking. 3.Operating strategies (such as investment/quantity/price decisions) as well as fina…
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