The paper develops a simple model of optimal corporate ownership structure in which costs and benefits of ownership concentration are analysed.
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Length: 29 pages Date of creation: Aug 1996 Date of revision: Publication status: Published in The Journal of Finance, vol.53 (1), Feb.1998, pp. 1-25 Handle: RePEc:lau:crdeep:9619
Find related papers by JEL classification: G12 - Financial Economics - - General Financial Markets - - - Asset Pricing G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Capital and Ownership Structure
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