Complex Ownership Structures And Corporate Valuations
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| Google books | books.google.com |
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| Originally published | 2007 |
| Authors | Luc Laeven |
| Ross Levine | |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1449068 |
About Complex Ownership Structures And Corporate Valuations
The bulk of corporate governance theory examines the agency problems that arise from two extreme ownership structures: 100 percent small shareholders or one large, controlling owner combined with small shareholders. In this paper, we question the empirical validity of this dichotomy. . . .