Country | |
Publisher | |
ISBN | 9781108492195 |
Format | HardBound |
Language | English |
Year of Publication | 2019 |
Bib. Info | vii, 183p.; 24 cm. Includes Index. |
Product Weight | 420 gms. |
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Concentrated ownership is considered to be the best protection for shareholders in economies where legal protection is relatively weak. This book investigates and concludes, for Indian business groups, that concentrated-inside ownership provides opportunities for the expropriation of minority shareholders. While more concentrated direct ownership of controlling families results in a higher market value of equity, indirect ownership obtained through cross-holding provides incentives to extract private benefits and results in value loss.