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BukuThe separation of ownership and control in east Asian corporations (from Journal of Financial Economics, 1999)
Bibliografi
Author: Claessens, Stijn ; Djankov, Simeon ; Lang, Larry H. P.
Topik: Ownership; Control; East Asian corporations.
Bahasa: (EN )    
Tahun Terbit: 1999    
Jenis: Article - diterbitkan di jurnal ilmiah internasional
Fulltext: The Separation of Ownership and Control in East Asian Corporations.pdf (205.71KB; 1 download)
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Abstract
We examine the separation of ownership and control for 2,980 corporations in nine East Asian countries. In all countries, voting rights frequently exceed cash-flow rights via pyramid structures and cross-holdings. The separation of ownership and control is most pronounced among family-controlled firms and small firms. More two-thirds of firms are controlled by a single shareholder. Managers of closely held firms tend to be relatives of the controlling shareholder’s family. Older firms are generally family-controlled, dispelling the notion that ownership becomes dispersed over time. Finally, significant corporate wealth in East Asia is concentrated among a few families.
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MAN 615 - ETIKA BISNIS & TATA KELOLA ORGANISASI (Bacaan Anjuran)
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