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On the relation between ownership structure and capital structure

✍ Scribed by Timothy J. Brailsford; Barry R. Oliver; Sandra L. H. Pua


Book ID
108514061
Publisher
John Wiley and Sons
Year
2002
Tongue
English
Weight
142 KB
Volume
42
Category
Article
ISSN
0810-5391

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## Abstract This paper explores the relation between ownership structures and capital structures in Russiaβ€”an economy with a state‐run banking sector, weak corporate governance, and highly concentrated ownership. We find that firms with the state as controlling shareholder have significantly higher