Bunkanwanicha, Pramuan; Gupta, Jyoti; Wiwattanakantang, … - Center for Economic Institutions, Institute of Economic … - 2006
This paper analyzes family-owned banks in Thailand. Using the data before the financial crisis, we find that wealthy families extensively use pyramids to control a business empire which includes financial and non-financial firms. We analyze the entire family group structure and find that...