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The relationship between capital structure and ownership structure

✍ Scribed by El‐Masry, Ahmed; Al‐Najjar, Basil; Taylor, Peter


Book ID
125471446
Publisher
Emerald Group Publishing Limited
Year
2008
Tongue
English
Weight
119 KB
Volume
34
Category
Article
ISSN
0307-4358

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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