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Corporate Ownership and Control Structures: An International Comparison

PIETER W. MOERLAND
Review of Industrial Organization
Vol. 10, No. 4 (August 1995), pp. 443-464
Published by: Springer
Stable URL: http://www.jstor.org/stable/41798591
Page Count: 22
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Corporate Ownership and Control Structures: An International Comparison
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Abstract

This paper analyzes the economic fundamentals of the corporate firm with publicly held shares and the salient characteristics of varying corporate systems, focusing on international differences in ownership and control structures, including alternative disciplinary mechanisms. Those international differences seem to influence economic behavior and corporate performance, including the way in which corporate restructurings take place. Market-oriented corporate systems and network-oriented corporate systems are likely to mutually converge in the future.

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