Aluchna, Maria; Kuszewski, Tomasz - In: Contemporary Economics 15 (2021) 4, pp. 479-498
This paper examines the effects of pyramidal ownership. Using the sample of 162 non-financial companies listed on the … company value. Specifically, we show that the link between pyramidal ownership and company value is more complex than … our expectations the combination of pyramidal ownership and dual class shares is correlated with lower Q. Finally, while …