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A Theory of Pyramidal Ownership and Family Business Groups

, and . Journal of Finance, 61 (6): 2637-2680 (2006)Keywords: Earnings; Firm; Firms; Ownership; Shareholder; Shares; Publication Type: Journal Article; Update Code: 200702; Copyright: Copyright of Journal of Finance is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use..

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A Theory of Pyramidal Ownership and Family Business Groups, and . Journal of Finance, 61 (6): 2637-2680 (2006)Keywords: Earnings; Firm; Firms; Ownership; Shareholder; Shares; Publication Type: Journal Article; Update Code: 200702; Copyright: Copyright of Journal of Finance is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use..The balance of power in closely held corporations, and . Journal of Financial Economics, 58 (1-2): 113--139 (2000)Should business groups be dismantled?: The equilibrium costs of efficient internal capital markets, and . Journal of Financial Economics, 79 (1): 99--144 (January 2006)The effect of external finance on the equilibrium allocation of capital, and . Journal of Financial Economics, 75 (1): 133--164 (January 2005)Investor protection and equity markets, and . Journal of Financial Economics, 66 (1): 3--27 (October 2002)