Besim, Seniha; Adaoglu, Cahit - In: Journal of business economics and management 19 (2018) 4, pp. 648-672
CEMs to measure the divergence between control and ownership rights. Supporting the rent extraction hypothesis, holding … controlled non-holding BG companies, there is no empirical support for either the rent extraction or the reputation building … pyramid wedge increases. However, controlling foreign-family coalitions in holding business group companies curb the rent …