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The Interaction of Capital Structure and Ownership Structure

✍ Scribed by Mahrt‐Smith, Jan


Book ID
123881046
Publisher
University of Chicago Press
Year
2005
Tongue
English
Weight
291 KB
Volume
78
Category
Article
ISSN
0021-9398

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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