Firm Interlock and Stock Price Synchronicity: Evidence from the Tehran Stock Exchange
<strong>Objective:</strong> Pyramidal ownership structures and cross-ownership are common phenomena in developing economies. These structures result in a divergence between voting rights and cash flow rights on the one hand, and create internal capital markets through which firms can rai...
| Main Authors: | , , |
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| Format: | Article |
| Language: | fas |
| Published: |
University of Tehran
2019-05-01
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| Series: | تحقیقات مالی |
| Subjects: | |
| Online Access: | https://jfr.ut.ac.ir/article_71563_6b352ec8aa0fc9549141f3c2fd2380f1.pdf |