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Ownership and capital structure in Latin America

✍ Scribed by Jacelly Céspedes; Maximiliano González; Carlos A. Molina

Book ID
116618486
Publisher
Elsevier Science
Year
2010
Tongue
English
Weight
183 KB
Volume
63
Category
Article
ISSN
0148-2963

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## Abstract This paper explores the relation between ownership structures and capital structures in Russia—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