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This paper demonstrates that the current literature on cross-ownership among firms underestimates the true degree of separation between cash flow rights and voting rights. We use accounting identities to define coefficients of control, such that any (direct or indirect) control of a firm may be...
Persistent link: https://www.econbiz.de/10010292758
Persistent link: https://www.econbiz.de/10003589419
This paper demonstrates that the current literature on cross-ownership among firms underestimates the true degree of separation between cash flow rights and voting rights. We use accounting identities to define coefficients of control, such that any (direct or indirect) control of a firm may be...
Persistent link: https://www.econbiz.de/10009725494
Persistent link: https://www.econbiz.de/10001681595