Publication:
Special Issues Relating to Corporate Governance and Family Control

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dc.contributor.authorMorck, Randall
dc.contributor.authorYeung, Bernard
dc.date.accessioned2013-06-27T17:04:25Z
dc.date.available2013-06-27T17:04:25Z
dc.date.issued2004-09
dc.description.abstractControl of corporate assets by wealthy families in economies lacking institutional integrity is common. It has negative implications on corporate governance and adverse macroeconomic effects when it extends across a sufficiently large part of the country's corporate sector. The authors consider the reasons why family control and control pyramids predominate in emerging market economies and in some industrial economies. They also discuss the reasons why widely held freestanding firms predominate in the United States. The authors discuss policies that countries might adopt to discourage family control pyramids, but caution that control pyramids are but one feature of an institutionally deficient economy. A concerted effort to improve a country's institutions is needed before diffuse ownership is desirable.en
dc.identifierhttp://documents.worldbank.org/curated/en/2004/09/5168113/special-issues-relating-corporate-governance-family-control
dc.identifier.doi10.1596/1813-9450-3406
dc.identifier.urihttps://hdl.handle.net/10986/14238
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, D.C.
dc.relation.ispartofseriesPolicy Research Working Paper;No.3406
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectAGENCY PROBLEMS
dc.subjectASSETS
dc.subjectASYMMETRIC INFORMATION
dc.subjectBANKING SYSTEMS
dc.subjectCAPITAL GAINS
dc.subjectCAPITAL MARKETS
dc.subjectCOMPANY
dc.subjectCOMPETITORS
dc.subjectCONGLOMERATES
dc.subjectCORPORATE ASSETS
dc.subjectCORPORATE CONTROL
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORPORATE OWNERSHIP
dc.subjectCORPORATE PERFORMANCE
dc.subjectCORPORATE STRUCTURE
dc.subjectCORPORATIONS
dc.subjectDECISION MAKING
dc.subjectDISCLOSURE
dc.subjectDIVIDENDS
dc.subjectECONOMIC HISTORY
dc.subjectECONOMIC POWER
dc.subjectECONOMIC RESEARCH
dc.subjectECONOMIC STRUCTURE
dc.subjectENTREPRENEURSHIP
dc.subjectEQUITY MARKETS
dc.subjectEQUITY STAKE
dc.subjectEXPANSION
dc.subjectEXPENDITURES
dc.subjectEXPROPRIATION
dc.subjectFIRMS
dc.subjectFIXED ASSETS
dc.subjectFREE TRADE
dc.subjectGDP
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGUARANTORS
dc.subjectHOLDING COMPANIES
dc.subjectINHERITANCE
dc.subjectINSTITUTIONAL INVESTORS
dc.subjectINVESTOR PROTECTION
dc.subjectLARGE SHAREHOLDERS
dc.subjectLAWS
dc.subjectLIQUIDITY
dc.subjectLISTED COMPANIES
dc.subjectLONG TERM INVESTMENT
dc.subjectMACROECONOMIC PERFORMANCE
dc.subjectMERGERS
dc.subjectOUTSIDE SHAREHOLDERS
dc.subjectOWNERSHIP STRUCTURE
dc.subjectPOLITICAL ECONOMY
dc.subjectPRICE DECLINES
dc.subjectPRODUCT MARKETS
dc.subjectPROPERTY RIGHTS
dc.subjectRATE OF RETURN
dc.subjectSHAREHOLDER VALUE
dc.subjectSHAREHOLDERS
dc.subjectSHAREHOLDERS RIGHTS
dc.subjectSHAREHOLDINGS
dc.subjectSHOPS
dc.subjectSMALL BUSINESSES
dc.subjectSMALL FIRMS
dc.subjectSTOCK MARKETS
dc.subjectSTOCK PRICES
dc.subjectSTORES
dc.subjectTAX SYSTEM
dc.subjectTAXATION
dc.subjectVALUE ADDED
dc.subjectWEALTH
dc.titleSpecial Issues Relating to Corporate Governance and Family Controlen
dspace.entity.typePublication
okr.crosscuttingsolutionareaJobs
okr.crossref.titleSpecial Issues Relating to Corporate Governance and Family Control
okr.date.doiregistration2025-04-10T09:13:37.177Z
okr.doctypePublications & Research::Policy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/2004/09/5168113/special-issues-relating-corporate-governance-family-control
okr.globalpracticeTransport and ICT
okr.globalpracticeFinance and Markets
okr.globalpracticeTrade and Competitiveness
okr.guid294611468761962776
okr.identifier.doi10.1596/1813-9450-3406
okr.identifier.externaldocumentum000012009_20041008124933
okr.identifier.internaldocumentum5168113
okr.identifier.reportWPS3406
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2004/10/08/000012009_20041008124933/Rendered/PDF/WPS3406.pdfen
okr.topicPrivate Sector Development::Small and Medium Size Enterprises
okr.topicFinance and Financial Sector Development::Microfinance
okr.topicEconomic Theory and Research
okr.topicInternational Terrorism and Counterterrorism
okr.topicSmall Scale Enterprise
okr.topicInfrastructure Economics and Finance::Private Participation in Infrastructure
okr.unitOff of Sr VP Dev Econ/Chief Econ (DECVP)
okr.volume1 of 1
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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