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Private benefits of control : an international comparison

We estimate private benefits of control in 39 countries using 393 controlling blocks sales. On average the value of control is 14 percent, but in some countries can be as low as - 4 percent, in others as high a + 65 percent. As predicted by theory, higher private benefits of control are associated with less developed capital markets, more concentrated ownership, and more privately negotiated privatizations..Printed Journal

Ketersediaan

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PSB lt.dasar - Pascasarjana1
Penerbit The American Finance Association.,
Edisi -
Subjek -
ISBN/ISSN 00221082
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Deskripsi Fisik -
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