Present studies show one to twin owners-that’s, associations that on top of that keep security and you will loans of the identical company-internalize brand new stockholder-collector dispute and you can lead to extra alignment between them activities (Jiang ainsi que al. Although not, minimization of one’s shareholder-creditor dispute will come at the expense of unveiling another dispute one of creditors. Financial institutions carrying large equity limits inside the debtor companies have extremely various other bonuses than just loan providers carrying very small or no equity stakes.
