Faure-Grimaud, Antoine (contributor); … - 2001 - [Elektronische Ressource]
¯rm's ownership structure. Admittedly,
insiders can control the ¯rm's ownership concentration only to a certain point … ownership structure by allocating the rights
to the ¯rm's cash °ows to a large investor (e.g., himself) and dispersed investors …, i.e., he
chooses ® to maximize total ¯rm value. The choice of ownership structure will depend on
its implications for e …