5Shleifer, A., Robert W.V., A Survey of Corporate Governance, NBER Working Paper, 5554, 1996.
6Bennedsen, M., Wolfenzon, D., The Balance of Power in Close Corporations. Journal of Financial Economics, No. 58, 2000,pp. 113-139.
7Burkart, M., Denis G., and Fausto P., Why higher takeover premia protect minority shareholders. Journal of Political Economy,No. 106, 1998, pp. 172-204.
8Berle, A., and Gardiner M. , The Modern Corporation and Private Property. MacMillan, New York, N.Y., 1932.
9Grossman, S., and Oliver H., Takeover bids, the free-rider problem, and the theory of the corporation. The Bell Journal of Economics 11, 1980, pp.42-64.
10Comes, A.. Going Public Without Governance: Managerial Reputation Effects. The Journal of Finance,No.55, 2000, pp.615 -646.
