Driffield, Nigel; Mahambare, Vidya; Pal, Sarmistha - In: The Economics of Transition 15 (2007) 07, pp. 535-573
The present paper examines the effects of ownership structures on capital structure and firm valuation. It argues that the effects of separation of control from cash flow rights on capital structure and firm value also depend on the separation of control from management as well as on legal rules...