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We have learned that there are two types of agency problems: agency problems between shareholders and management, and agency problems between shareholders and creditors. A

We have learned that there are two types of agency problems: agency problems between shareholders and management, and agency problems between shareholders and creditors. A special phenomenon in China's corporate governance practice is the existence of a third type of agency problem, namely, the agency problem between major shareholders and minority in order to maximize their own interests.

QuestionIs the major shareholder an angel or a devil?

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