Egger, Hartmut; Jahn, Elke J.; Kornitzky, Stefan - 2021
in a business group hierarchy affects workers' wages. To acknowledge that ownership linkages are not onedirectional, we … selection into the business group hierarchy, we find a positive effect of larger hierarchical distance to the ultimate owner of … a business group on workers' wages. This result is in line with a monitoring-based theory of business group hierarchies …