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Tunneling and Propping: A Justification for Pyramidal Ownership
Riyanto, Yohanes E.; Toolsema, Linda A. - Econometric Society - 2004
This paper presents a formal model of tunneling and propping in a pyramidal ownership structure. Tunneling refers to … controlling shareholders shifting funds from one firm to another in the same pyramid. Propping is tunneling that is done to save … which shifting funds between firms is not possible. We show that tunneling may justify the pyramidal structure only with …
Persistent link: https://www.econbiz.de/10005086419
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Tunneling and Propping: A Justification for Pyramidal Ownership
Riyanto, Yohanes E.; Toolsema, Linda A. - Department of Economics, National University of Singapore - 2004
This paper presents a formal model of tunneling and propping in a pyramidal ownership structure. Tunneling refers to … controlling shareholders shifting resources from one firm to another in the same pyramid. Propping is tunneling that is done to …, in which shifting resources between firms is not possible (i.e. illegal). We show that tunneling may justify the …
Persistent link: https://www.econbiz.de/10005157513
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Tunneling through trademarks
Kim, Sojung; Kim, U-chʾan - In: The journal of corporate finance : contracting, … 76 (2022), pp. 1-19
Persistent link: https://www.econbiz.de/10013494271
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Managerial political power and the reallocation of resources in the internal capital market
Keum, Daniel - In: Strategic management journal 44 (2023) 2, pp. 369-414
Persistent link: https://www.econbiz.de/10014299697
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Selection or tunneling? : an explanation for the agency problems in chaebol firms
Kim, Soyeon; Lee, Jiyoon; Park, Dojoon - In: Journal of economic development 48 (2023) 3, pp. 27-53
Persistent link: https://www.econbiz.de/10014391799
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Business groups and corporate bond costs : evidence from China
Cheng, Liubing; Chen, Yanyan; Zhang, Yan - In: Pacific-Basin finance journal 75 (2022), pp. 1-19
Persistent link: https://www.econbiz.de/10013552503
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Tunneling through related-party loan guarantees : evidence from a quasi-experiment in China
Huang, Wei - In: Review of quantitative finance and accounting 47 (2016) 3, pp. 857-884
Persistent link: https://www.econbiz.de/10011595744
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Guarantee Agreement
In: International Bank for Reconstruction and Development (19XX), pp. 1-7
Persistent link: https://www.econbiz.de/10003279245
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Service guarantee as a recovery strategy : the impact of guarantee terms on perceived justice and firm motives
Crisafulli, Benedetta; Singh, Jaywant - In: Journal of service management 27 (2016) 2, pp. 117-143
Persistent link: https://www.econbiz.de/10011564670
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Livelihood environmentalism to tunnel a psychological Environmental Kuznets Curve
Bettin, Johannes; Wollni, Meike - 2018
impact on environmental concern then cause "tunneling" of a preference-driven Environmental Kuznets Curve. …
Persistent link: https://www.econbiz.de/10011893808