Ownership structure, agency costs, and discount rates
نویسندگان
چکیده
منابع مشابه
Agency Costs and Ownership Structure
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From the viewpoint of a company’s controlling shareholder, the optimal ownership structure generally involves some measure of dispersion, to avoid excessive monitoring by other shareholders. The optimal dispersion of share ownership can be achieved by going public, but this choice also entails some costs (the cost of listing and the loss of control over the shareholder register). If the control...
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ژورنال
عنوان ژورنال: Corporate Ownership and Control
سال: 2007
ISSN: 1810-3057,1727-9232
DOI: 10.22495/cocv4i3c2p1