The Levitating Firm.
The article discusses the concept of "levitating firms," which refers to corporations that own shares in one another, creating a network that diminishes market discipline and allows management to operate without accountability to shareholders. This phenomenon, termed "concatenated ownership," leads...
| Publicado en: | Independent Review Vol. 30; no. 1; pp. 97 - 118 |
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| Formato: | Artículo |
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Independent Institute
Summer2025
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| Acceso en línea: | Ver este registro en EBSCOhost |