Kang, Minjung; Lee, Ho-Young; Lee, Myung-Gun; Park, … - In: Pacific-Basin Finance Journal 29 (2014) C, pp. 272-296
the control–ownership wedge is positively associated with the magnitude of RPTs. RPTs increase as voting rights increase …, while RPTs decrease as cash flow rights increase. The control–ownership wedge is more closely related to RPTs among the top … severe than in non-top 5 chaebol firms. While the significant positive association between the control–ownership wedge and …