Benchekroun, Hassan; Dai, Miao; Long, Ngo Van - 2020
We examine the profitability of cross-ownership in an oligopolistic industry where firms compete as Cournot rivals. We … consider a symmetric cross-ownership structure in which a subset of k firms engage in cross-shareholding and each firm has an … symmetric cross-ownership is never profitable for any levels of non-controlling minority shareholdings if the participation …