סדנת פירון לניתוח כלכלי של המשפט מארחת את פרופ' אסף חמדני, אוניברסיטת תל אביב
The Agency Costs of Controlling Shareholders
29 בנובמבר 2017, 16:00 - 18:00
חדר 17
ABSTRACT:
In this paper, we question two fundamental premises underlying the existing approach to controlled companies. First, we show that controllers can divert value without engaging in self-dealing. Second, we show that controllers’ ownership of other significant
businesses is an important source of agency costs.