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Proceedings of the International Association for Business and Society, 1993
M. Bergeron, L. Bertrand, J. Leclerc
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M. Bergeron, L. Bertrand, J. Leclerc
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The Interaction of Capital Structure and Ownership Structure
The Journal of Business, 2005We develop a model of the interaction of firms' capital and ownership structures. The structures are designed to trade off managerial discipline versus managerial initiative. Debt features constrain managerial choice following poor firm performance.
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Ownership and the Structure of the Economy
1994Abstract I have established that to own something is a complex phenomenon, but not so complex as to be meaningless. I now tum to the economic ramifications of ownership, in particular, the relation between liberal ownership and free economic markets.
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Diversification and Ownership Structure
2008If controlling shareholders can divert profits, equity ownership is more concentrated the higher the stock returns correlation. A higher returns correlation reduces the benefits of diversification, giving rise to both a higher investment by the controlling shareholder in the asset that he controls and a lower investment by the non-controlling ...
PARIGI B, PELIZZON, Loriana
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Ownership Structure and Liquidity
Advanced Science Letters, 2018Deannes Isynuwardhana, Muhamad Muslih
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