Securities Regulation
The Separation of Ownership and Control in East Asian Corporations
Stijn Claessens, Simeon Djankov, and Larry H. P. Lang
- Year
- 2000
- Venue
- Journal of Financial Economics
- Level
- Advanced
Summary
Traces ultimate ownership and control across publicly traded corporations in nine East Asian economies. The article documents how pyramids, cross-holdings, and family control can separate voting rights from cash-flow rights and reshape minority-investor agency problems.
Citation
Stijn Claessens, Simeon Djankov, and Larry H. P. Lang. "The Separation of Ownership and Control in East Asian Corporations." Journal of Financial Economics, 2000.
DOI: 10.1016/S0304-405X(00)00067-2
BibTeX
@article{Claessens2000The,
title = {The Separation of Ownership and Control in East Asian Corporations},
author = {Stijn Claessens, Simeon Djankov, and Larry H. P. Lang},
year = {2000},
journal = {Journal of Financial Economics},
doi = {10.1016/S0304-405X(00)00067-2},
url = {https://doi.org/10.1016/S0304-405X(00)00067-2}
}