英语翻译the theory,namely that poor shareholder protection is penalized with lower valuations,and that higher cash-flow ownership by the controlling share-holder improves valuation,especially in countries with poor investor protec-tion.The result
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英语翻译the theory,namely that poor shareholder protection is penalized with lower valuations,and that higher cash-flow ownership by the controlling share-holder improves valuation,especially in countries with poor investor protec-tion.The result
英语翻译
the theory,namely that poor shareholder protection is penalized with lower valuations,and that higher cash-flow ownership by the controlling share-holder improves valuation,especially in countries with poor investor protec-tion.The result on incentives is also consistent with the findings of Claessenset al.(2000) on a larger sample of companies from Asia.This evidence indi-rectly supports the importance of expropriation of minority shareholders by controlling shareholders in many countries,and for the role of the law in limiting such expropriation.As such,it adds an important link to the expla-nation of the consequences of investor protection for financial market devel-opment.The evidence expands our understanding of the role of investor protection in shaping corporate finance,by clarifying the roles which both the incentives and the law play in delivering value to outside shareholders.
英语翻译the theory,namely that poor shareholder protection is penalized with lower valuations,and that higher cash-flow ownership by the controlling share-holder improves valuation,especially in countries with poor investor protec-tion.The result
该理论,换句话说就是用较低的估价就足以打击微弱的股东保护.
可怜的理论,即股东保护受制与较低的估值,
这一理论，即股份占有率低的股东的保护受制于他们较低的股值。
理论，也就是说只用很少钱的惩罚来达到对可怜的股东的保护。