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• W3121297842 abstract "We examine the separation of ownership and control for 2,980 corporations in nine East Asian countries. In all countries, voting rights frequently exceed cash-flow rights via pyramid structures and cross-holdings. The separation of ownership and control is most pronounced among family-controlled firms and small firms. More than two-thirds of firms are controlled by a single shareholder. Managers of closely held firms tend to be relatives of the controlling shareholder's family. Older firms are generally family-controlled, dispelling the notion that ownership becomes dispersed over time. Finally, significant corporate wealth in East Asia is concentrated among a few families." @default.
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• W3121297842 date "2000-01-01" @default.
• W3121297842 modified "2023-10-09" @default.
• W3121297842 title "The separation of ownership and control in East Asian Corporations" @default.
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• W3121297842 doi "https://doi.org/10.1016/s0304-405x(00)00067-2" @default.
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