Construct · 1 fields · 1 citations

control-ownership wedge: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
control-ownershipwedge1 CONSTRUCTControl-ownership wedgeCLAESSENS · CORPORATE

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Corporate governance

the gap between a controlling shareholder's voting rights and cash flow rights, which encourages entrenchment and lowers firm value.

In corporate governance, control-ownership wedge refers to the gap between a controlling shareholder's voting rights and cash flow rights, which encourages entrenchment and lowers firm value. This meaning comes from Claessens (2002) in The Journal of Finance.[1]

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Nearby constructs

entrenchment4 fields · 4 citationsjingle · one word, four constructsflow6 names · 12 citationsjangle · five names, one experience, partlygovernance4 fields · 5 citationsjingle · one word, four constructs

References

  1. Claessens, S., Djankov, S., Fan, J. P. H., & Lang, L. H. P. (2002). Disentangling the Incentive and Entrenchment Effects of Large Shareholdings. The Journal of Finance, 57(6), 2741-2771. https://doi.org/10.1111/1540-6261.00511

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