Known versus anonymous ownership: exploring links between ownership transparency and firms' decisions
2020
Abstract
The paper extends existing research on the effects of ownership structures on company performance by including a dimension of transparency in the ownership structure. We analyse the effect of an unknown owner and pyramidal structure on company profitability, capital structure and investment.
We conduct this research in accordance with existing theories on a panel of private companies within the cultural and political alliance of four Central European countries, called the Visegrad Group.