haku: @author Gelfer, S. / yhteensä: 1
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| Tekijä: | Perotti, E. C. Gelfer, S. |
| Otsikko: | Red barons or robber barons? Governance and investment in Russian financial-industrial groups |
| Lehti: | European Economic Review
2001 : OCT, VOL. 45:9, p. 1601-1617 |
| Asiasana: | CORPORATE GOVERNANCE GROUPS INVESTMENT RUSSIA |
| Kieli: | eng |
| Tiivistelmä: | The authors study the governance role of Russian financial-industrial groups (FIG) and their impact on the allocation of capital. They compare member firms of groups with a control set of firms categorized by dispersed ownership or/and management and employee control. They distinguish between hierarchical FIGs, where a bank is in firm control, and industry groups, which are looser alliances without a common control structure. They find that investment is sensitive to internal finance for the non-group firms. |
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