Ownership Structure Follows Managerial Strategy
Economics of corporate governance treats the ownership structure of shares as an independent variable. This follows the scheme by Berle and Means (1932) that asserts the fact that the broad dispersion of stock ownership promotes “management control” by managers. However, Chandler’s (1977) review of...
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| Format: | Article |
| Language: | English |
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Global Business Research Center
2017-02-01
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| Series: | Annals of Business Administrative Science |
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| Online Access: | https://www.jstage.jst.go.jp/article/abas/16/2/16_0170125a/_pdf/-char/en |