Corporate governance and safeguard of minority shareholders in Italy: theoretical analysis and empirical research. (21st January 2009)

• Record Type: Journal Article
• Authors: Sancetta, Giuseppe; Gennaro, Alessandro
• Is Part Of: European journal of international management. Volume 3:Number 1(2009)
• Page Start: 5
• Page End: 20
• Publication Date: 2009-01-21
• Subjects: corporate governance -- best practices -- self-regulation codes -- minority shareholders -- minority interest -- majority premium -- private benefits -- public tender offer -- shareholder protection -- fair distribution; Management -- Periodicals; Organizational behavior -- Periodicals; International business enterprises -- Management -- Periodicals; Globalization -- Periodicals; 658.005
• Languages: English
• ISSNs: 1751-6757

Abstract

This paper analyses the relationship between governance systems and protection of minority shareholders, with the purpose of evaluating the contribution of governance systems to favouring a fair distribution of value to the shareholders of listed companies, regardless of the size of the share held. It should be considered that where governance actually protects minority shareholders, there should be an inverse correlation between compliance with best practices and majority premiums.