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The Structure within Industries and Companies' Performance

✍ Scribed by Michael E. Porter


Book ID
111919871
Publisher
MIT Press
Year
1979
Tongue
English
Weight
446 KB
Volume
61
Category
Article
ISSN
0034-6535

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The paper examines the impact of ownership structure on company economic performance in 435 of the largest European companies. Controlling for industry, capital structure and nation effects we find a positive effect of ownership concentration on shareholder value (market-tobook value of equity) and