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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 1113 |
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The heterogeneity in the evidence suggests that the issue is complex and cautions against simple conclusions and sweeping policy recommendations: disproportionate control rights may destroy the value of outside equity in some contexts, but not in others. Therefore, in spite of the many papers already written in this area, more work is needed to distinguish the circumstances in which disproportionate control rights have positive effects from those where they do not...
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The heterogeneity in the evidence suggests that the issue is complex and cautions against simple conclusions and sweeping policy recommendations: disproportionate control rights may destroy the value of outside equity in some contexts, but not in others. Therefore, in spite of the many papers already written in this area, more work is needed to distinguish the circumstances in which disproportionate control rights have positive effects from those where they do not...
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