FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W2896091892> ?p ?o ?g. }

• W2896091892 abstract "Background:  Pyramidal structures are a specific ownership pattern adopted worldwide, which increases the power of controlling shareholder allowing for lower capital investment. Existing studies still fail to explain the reasons for their adoption in companies. Objectives:  The goal was to explore pyramidal structures as a newly developing ownership pattern in an emerging market and to identify firm-level characteristics that determine their adoption. Specifically, we tested three alternative rationales – control leverage, venture and governance – which provide competitive arguments to explain the formation of pyramids. Method:  Adopting a linear panel model, we examined a sample of 168 non-financial companies listed on the Warsaw Stock Exchange over the period 2010–2014. Results:  The adoption of a pyramid was associated with higher ownership concentration and with lower ownership concentration by a shareholder coalition. There was also a positive relationship between the use of a pyramid and company operation within a business group as well as a smaller number of affiliated companies. We identified a positive link between the use of a pyramid and investment by financial investors. Conclusion:  Pyramids serve as a tool for expansion of the business group, important in an environment of costly access to external capital because the business group enables the raising of capital and lowers the risk posed to a new firm. This confirmed the venture and governance rationales, whereas we did not find evidence for the control leverage hypothesis. Governance in a pyramid by financial entities discourages investment by portfolio-oriented financial investors." @default.
• W2896091892 created "2018-10-26" @default.
• W2896091892 creator A5028644243 @default.
• W2896091892 creator A5066144252 @default.
• W2896091892 date "2018-10-17" @default.
• W2896091892 modified "2023-10-14" @default.
• W2896091892 title "Pyramidal structures: The evidence from Poland" @default.
• W2896091892 cites W1479902396 @default.
• W2896091892 cites W1490472568 @default.
• W2896091892 cites W1493787746 @default.
• W2896091892 cites W1522582389 @default.
• W2896091892 cites W1695104977 @default.
• W2896091892 cites W1967676875 @default.
• W2896091892 cites W1969140050 @default.
• W2896091892 cites W1984727507 @default.
• W2896091892 cites W1987665852 @default.
• W2896091892 cites W1991795148 @default.
• W2896091892 cites W1994000676 @default.
• W2896091892 cites W2006506560 @default.
• W2896091892 cites W2006900700 @default.
• W2896091892 cites W2011487370 @default.
• W2896091892 cites W2051547890 @default.
• W2896091892 cites W2057672975 @default.
• W2896091892 cites W2058025389 @default.
• W2896091892 cites W2077502361 @default.
• W2896091892 cites W2082524928 @default.
• W2896091892 cites W2087008713 @default.
• W2896091892 cites W2088747462 @default.
• W2896091892 cites W2090069711 @default.
• W2896091892 cites W2099506896 @default.
• W2896091892 cites W2101268899 @default.
• W2896091892 cites W2115927074 @default.
• W2896091892 cites W2120744852 @default.
• W2896091892 cites W2150521690 @default.
• W2896091892 cites W2166177033 @default.
• W2896091892 cites W2171312307 @default.
• W2896091892 cites W2752617332 @default.
• W2896091892 cites W3022067204 @default.
• W2896091892 cites W3121693921 @default.
• W2896091892 cites W3122060874 @default.
• W2896091892 cites W3122859634 @default.
• W2896091892 cites W3123222636 @default.
• W2896091892 cites W3123562738 @default.
• W2896091892 cites W3124055077 @default.
• W2896091892 cites W3124475368 @default.
• W2896091892 cites W3124787193 @default.
• W2896091892 cites W3125339364 @default.
• W2896091892 cites W3125838838 @default.
• W2896091892 cites W3126115722 @default.
• W2896091892 cites W657282166 @default.
• W2896091892 doi "https://doi.org/10.4102/sajbm.v49i1.1" @default.
• W2896091892 hasPublicationYear "2018" @default.
• W2896091892 type Work @default.
• W2896091892 sameAs 2896091892 @default.
• W2896091892 citedByCount "1" @default.
• W2896091892 countsByYear W28960918922021 @default.
• W2896091892 crossrefType "journal-article" @default.
• W2896091892 hasAuthorship W2896091892A5028644243 @default.
• W2896091892 hasAuthorship W2896091892A5066144252 @default.
• W2896091892 hasBestOaLocation W28960918921 @default.
• W2896091892 hasConcept C10138342 @default.
• W2896091892 hasConcept C119857082 @default.
• W2896091892 hasConcept C120665830 @default.
• W2896091892 hasConcept C120757647 @default.
• W2896091892 hasConcept C121332964 @default.
• W2896091892 hasConcept C142575187 @default.
• W2896091892 hasConcept C144133560 @default.
• W2896091892 hasConcept C153083717 @default.
• W2896091892 hasConcept C162324750 @default.
• W2896091892 hasConcept C175444787 @default.
• W2896091892 hasConcept C200870193 @default.
• W2896091892 hasConcept C2780821815 @default.
• W2896091892 hasConcept C39389867 @default.
• W2896091892 hasConcept C40700 @default.
• W2896091892 hasConcept C41008148 @default.
• W2896091892 hasConcept C48057960 @default.
• W2896091892 hasConcept C556758197 @default.
• W2896091892 hasConcept C90287048 @default.
• W2896091892 hasConceptScore W2896091892C10138342 @default.
• W2896091892 hasConceptScore W2896091892C119857082 @default.
• W2896091892 hasConceptScore W2896091892C120665830 @default.
• W2896091892 hasConceptScore W2896091892C120757647 @default.
• W2896091892 hasConceptScore W2896091892C121332964 @default.
• W2896091892 hasConceptScore W2896091892C142575187 @default.
• W2896091892 hasConceptScore W2896091892C144133560 @default.
• W2896091892 hasConceptScore W2896091892C153083717 @default.
• W2896091892 hasConceptScore W2896091892C162324750 @default.
• W2896091892 hasConceptScore W2896091892C175444787 @default.
• W2896091892 hasConceptScore W2896091892C200870193 @default.
• W2896091892 hasConceptScore W2896091892C2780821815 @default.
• W2896091892 hasConceptScore W2896091892C39389867 @default.
• W2896091892 hasConceptScore W2896091892C40700 @default.
• W2896091892 hasConceptScore W2896091892C41008148 @default.
• W2896091892 hasConceptScore W2896091892C48057960 @default.
• W2896091892 hasConceptScore W2896091892C556758197 @default.
• W2896091892 hasConceptScore W2896091892C90287048 @default.
• W2896091892 hasIssue "1" @default.
• W2896091892 hasLocation W28960918921 @default.
• W2896091892 hasLocation W28960918922 @default.
• W2896091892 hasOpenAccess W2896091892 @default.

• next