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Books > Business & Economics > Business & management > Ownership & organization of enterprises

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Ownership Structure, Related Party Transactions, and Firm Valuation - Evidence from Indian Business Groups (Hardcover) Loot Price: R2,475
Discovery Miles 24 750
Ownership Structure, Related Party Transactions, and Firm Valuation - Evidence from Indian Business Groups (Hardcover):...

Ownership Structure, Related Party Transactions, and Firm Valuation - Evidence from Indian Business Groups (Hardcover)

Amrinder Khosa, Kamran Ahmed, Darren Henry

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Loot Price R2,475 Discovery Miles 24 750 | Repayment Terms: R232 pm x 12*

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Concentrated ownership is considered to be the best protection for shareholders in economies where legal protection is relatively weak. This book investigates and concludes, for Indian business groups, that concentrated-inside ownership provides opportunities for the expropriation of minority shareholders. While more concentrated direct ownership of controlling families results in a higher market value of equity, indirect ownership obtained through cross-holding provides incentives to extract private benefits and results in value loss. This finding requires the prompt attention of regulatory bodies, outside investors and other interested parties. This book examines the effect of ownership structure and disclosure of related-party transactions on firm valuation of group-affiliated firms in India, by using a sample of 317 listed firms comprising 1350 firm-year observations from 2008 to 2017. Well-accepted value-relevance models are employed to examine the effect of ownership rights on market value of equity and valuation effect of RP trading, asset transfer, investment and loan transactions.

General

Imprint: Cambridge UniversityPress
Country of origin: United Kingdom
Release date: March 2019
Authors: Amrinder Khosa • Kamran Ahmed • Darren Henry
Dimensions: 238 x 156 x 16mm (L x W x T)
Format: Hardcover
Pages: 188
ISBN-13: 978-1-108-49219-5
Categories: Books > Business & Economics > Business & management > Business strategy
Books > Business & Economics > Finance & accounting > Finance > General
Books > Business & Economics > Business & management > Ownership & organization of enterprises > General
Books > Money & Finance > General
LSN: 1-108-49219-3
Barcode: 9781108492195

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