Corpus ID: 201086585

The Effect of Ownership Structure and Board Independence on Firm Value : Evidence from Controlled Companies

@inproceedings{Donelson2018TheEO,
  title={The Effect of Ownership Structure and Board Independence on Firm Value : Evidence from Controlled Companies},
  author={Dain C. Donelson and Christopher G. Yust},
  year={2018}
}
Controlled companies are public firms in which an individual, group or company holds more than 50 percent of the voting power. These firms are an economically significant part of the economy but are not directly examined by prior research. Importantly, they may opt out of independence requirements for the board and certain committees mandated by the major stock exchanges. Despite concerns about whether controlled companies act in shareholders’ best interests, they exhibit a valuation premium… CONTINUE READING
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