Doidge, Craig (contributor); Karolyi, G. Andrew (contributor) - 2001 - [Elektronische Ressource], rev
, Professor of Finance and Dean’s Distinguished Research Professor, and
Professor of Finance and Everett D. Reese Chair of … associated with poorly
developed financial markets, high costs of external finance, and more valuable private benefits
from … cost of outside finance. First, equity financing becomes cheaper
for such a firm because the controlling shareholder …