Entre familia y amigos: la elección de la estructura de propiedad corporativa

The document presents an analysis, developed under the framework of conflict theory, which models the choice of ownership structure as the result of a power struggle between the owner of a firm and potential shareholders. The theoretical model suggests that, when the system that protects property rights is inefficient, the choice of keeping the ownership of the firm within the family represents the strategy that provides the owner the highest value when going public.

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Year of publication:	2007
Authors:	Ponce, Ramón A. Castillo
Published in:	Estudios Económicos. - Centro de Estudios Económicos. - Vol. 22.2007, 1, p. 3-18
Publisher:	Centro de Estudios Económicos
Subject:	family firm \| legal system \| conflic theory

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Type of publication:	Article
Language:	Spanish
Classification:	G0 - Financial Economics. General ; G3 - Corporate Finance and Governance ; L0 - Industrial Organization. General ; L2 - Firm Objectives, Organization, and Behavior
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005434687