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Keywords: Pyramidal structure
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Journal Articles
Journal:
Studies in Economics and Finance
Studies in Economics and Finance (2011) 28 (4): 282–300.
Published: 04 October 2011
... significantly with concentrated ownership. Different devices are used to gain control and hence a significant separation of ownership from control affects liquidity in different ways. The results indicate that pyramidal structures have a significant negative impact on liquidity for all controlled firms. However...
