Boliari, Natalia; Topyan, Kudret - In: Risks : open access journal 11 (2023) 10, pp. 1-13
Holding companies legally separate the assets and owners of a company creating a layer of liability protection. Theoretically, this feature lowers the risk attributable to holding companies, enabling them to offer lower-cost debts compared to stand-alone alternatives. However, no study has ever...