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Literature Review and Evolution of Beneficial Owner Concept. Views from the Accountancy Profession

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  • Mihai Iuliana Oana

    (Dunarea de Jos University of Galati, Romania)

  • Radu Riana Iren

    (Dunarea de Jos University of Galati, Romania)

Abstract

The purpose of this paper is to analyze and determine the meanings of the concept “Beneficial Owner†. We identified two approaches of the concept in the academic literature. One approach is related to corporate governance of complex ownership structures and the other approach is related to taxation. Professional accountants usually interrelate with beneficial ownership information as part of their activities. This makes the legal framework around beneficial ownership information of direct relevance to the accountancy profession.

Suggested Citation

  • Mihai Iuliana Oana & Radu Riana Iren, 2021. "Literature Review and Evolution of Beneficial Owner Concept. Views from the Accountancy Profession," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 203-208.
    • Handle: RePEc:ddj:fserec:y:2021:p:203-208
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    References listed on IDEAS

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    1. Rafael La Porta & Florencio Lopez‐De‐Silanes & Andrei Shleifer, 1999. "Corporate Ownership Around the World," Journal of Finance, American Finance Association, vol. 54(2), pages 471-517, April.
    2. Faccio, Mara & Lang, Larry H. P., 2002. "The ultimate ownership of Western European corporations," Journal of Financial Economics, Elsevier, vol. 65(3), pages 365-395, September.
    3. Stijn Claessens & Joseph P. H. Fan, 2002. "Corporate Governance in Asia: A Survey," International Review of Finance, International Review of Finance Ltd., vol. 3(2), pages 71-103, June.
    4. Paligorova, Teodora & Xu, Zhaoxia, 2012. "Complex ownership and capital structure," Journal of Corporate Finance, Elsevier, vol. 18(4), pages 701-716.
    5. Wiwattanakantang, Yupana, 2001. "Controlling shareholders and corporate value: Evidence from Thailand," Pacific-Basin Finance Journal, Elsevier, vol. 9(4), pages 323-362, August.
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