Investor Protection and Corporate Valuation
收藏NBER1999-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7403
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资源简介：
We present a model of the effects of legal protection of minority shareholders and of cash flow ownership by a controlling shareholder on the valuation of firms. We then test this model using a sample of 371 large firms from 27 wealthy economies. Consistent with the model, we find evidence of higher
提供机构：
美国国家经济研究局
创建时间：
1999-10-01
