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Bank of Canada RSS Feedsen2024-03-29T00:20:59+00:00Complex Ownership and Capital Structure
https://www.bankofcanada.ca/2009/04/working-paper-2009-12/
This paper investigates the impact of pyramid ownership structure and multiple controlling shareholders on firm leverage. Pyramids, having at least one controlling shareholder and a subsidiary, rely significantly more on debt financing than non-pyramid firms.2009-04-03T11:17:13+00:00enComplex Ownership and Capital Structure2009-04-03Financial marketsInternational topicsWorking Paper 2009-12https://www.bankofcanada.ca/wp-content/uploads/2010/02/wp09-12.pdfComplex Ownership and Capital StructureTeodora PaligorovaZhaoxia XuApril 2009GG3G31G32