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Can I read Influential Ownership and Capital Structure on EtoBox?
Influential Ownership and Capital Structure by Salla Pöyry; Benjamin Maury is a Business, Management and Accounting article available to read on EtoBox.
What is Influential Ownership and Capital Structure about?
## 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 leverage than firms controlled by domestic private controlling shareholders other than oligarchs. Both firms controlled by the state or oligarchs finance their growth with more debt than other firms. Profitability is negatively related to leverage across all types of controlling owners, indicating a preference for internal funding over debt. The results indicate that firms with owners that have political influence or ties to large financial groups enjoy better access to debt. Copyright © 2009 John Wiley & Sons, Ltd.
Who reads Influential Ownership and Capital Structure?
It is typically read by researchers, students, and practitioners in Business, Management and Accounting.
- Author
- Salla Pöyry; Benjamin Maury
- Publisher
- John Wiley and Sons; Wiley (John Wiley & Sons); John Wiley & Sons Inc.; Wiley (ISSN 0143-6570)
- Published
- 2009
- Language
- EN
- Field
- Business, Management and Accounting (Social Sciences)