Influential ownership and capital struct
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Salla PΓΆyry; Benjamin Maury
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Article
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2009
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John Wiley and Sons
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English
β 163 KB
## Abstract This paper explores the relation between ownership structures and capital structures in Russiaβan economy with a stateβrun banking sector, weak corporate governance, and highly concentrated ownership. We find that firms with the state as controlling shareholder have significantly higher