Integrated Ownership and Control in the GCC Corporate Sector /

The objective of the paper is to assess ownership and control links in the GCC corporate sector. The analysis focuses on the integrated ownership and network arising from ownership data available in Bloomberg and GCC stock exchanges. The paper finds that ownership is concentrated in GCC public secto...

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Bibliografski detalji
Glavni autor: Santos, Andre
Format: Žurnal
Jezik:English
Izdano: Washington, D.C. : International Monetary Fund, 2015.
Serija:IMF Working Papers; Working Paper ; No. 2015/184
Online pristup:Full text available on IMF
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100 1 |a Santos, Andre. 
245 1 0 |a Integrated Ownership and Control in the GCC Corporate Sector /  |c Andre Santos. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 2015. 
300 |a 1 online resource (24 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a The objective of the paper is to assess ownership and control links in the GCC corporate sector. The analysis focuses on the integrated ownership and network arising from ownership data available in Bloomberg and GCC stock exchanges. The paper finds that ownership is concentrated in GCC public sector institutions, holding companies, financial institutions, and family groups. The paper then considers the effect of different definitions of control on the distribution of consolidated debt. Debt concentration is maximized when the wedge between ownership and control is the largest. This is the case when the largest shareholder has at least 5 percent of total shares as defined in Zingales (1994). 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2015/184 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2015/184/001.2015.issue-184-en.xml  |z IMF e-Library