Leverage, entrenched managers, and moderating effect of main shareholder’s influence
ABSTRACT This study associated the leverage of Brazilian listed companies with their managers’ search for protection against the risk of main shareholder’s intervention. Although the literature has pointed out that managers might increase leverage in order to protect themselves against takeovers, it...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universidade de São Paulo
2025-02-01
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| Series: | Revista Contabilidade & Finanças |
| Subjects: | |
| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S1519-70772025000100500&lng=en&tlng=en |