Conflicting Shareholder Interests
研究了258家公司中机构投资者持股对公平价格条款采纳决策的影响，并考察了董事会构成、领导结构及其交互作用，发现仅机构持股有显著作用。
This study of 258 corporations provides an assessment of the impact of institu-tional investor stockholding on fair price adoption decisions. In addition, the influence of board composition, board leadership, and the interaction between these two governance attributes on such decisions is examined. The results of analyses suggest that only institutional stockholding plays a significant role.