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. In fact, one-th...

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Bibliografische gegevens
Hoofdauteur: Laeven, Luc
Andere auteurs: Levine, Ross
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2007.
Reeks:IMF Working Papers; Working Paper ; No. 2007/140
Online toegang:Full text available on IMF