Aluchna, Maria; Kuszewski, Tomasz - In: Contemporary Economics 15 (2021) 4, pp. 479-498
This paper examines the effects of pyramidal ownership. Using the sample of 162 non-financial companies listed on the Warsaw Stock Exchange during the period 2010-2014, we verify the relation between the adoption of a pyramidal structure and company value. Specifically, we show that the link...