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# 649730
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Ownership Structure, Related Party Transactions, and Firm Valuation : Evidence from Indian Business Groups

Author :  Amrinder Khosa

Product Details

Country
India
Publisher
Cambridge University Press India Private Limited, New Delhi
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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Product Description

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.

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