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Ownership concentration, risk aversion and the effect of financial structure on investment decisions

✍ Scribed by Guochang Zhang

Book ID
117098468
Publisher
Elsevier Science
Year
1998
Tongue
English
Weight
231 KB
Volume
42
Category
Article
ISSN
0014-2921

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## Abstract This paper provides new survey evidence on effects of concentrated ownership on restructuring and performance in privatized firms in Russia. The major findings are that large‐block shareholding is negatively associated with the firm's investment and performance, and this relationship do