| Country | |
| Publisher | |
| ISBN | 9781108492195 |
| Format | HardBound |
| Language | English |
| Year of Publication | 2019 |
| Bib. Info | vii, 183p.; 24 cm. Includes Index. |
| Categories | Economics/Development Studies |
| Product Weight | 420 gms. |
| Shipping Charges(USD) |
Concentrated ownership is considered to be the best protection for shareholders in economies where legal protection is relatively weak. This book investigates and concludes, for Indian business groups, that concentrated-inside ownership provides opportunities for the expropriation of minority shareholders. While more concentrated direct ownership of controlling families results in a higher market value of equity, indirect ownership obtained through cross-holding provides incentives to extract private benefits and results in value loss.