Business, Management and Accounting
4 years ago

High-tech firms with concentrated ownership see lower firm value.

SSRN Electronic Journal
Large Shareholders and Firm Value: Are High-Tech Firms Different?
Irena Grosfeld

Paper Summary

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The study looked at how the ownership structure of companies on the Warsaw Stock Exchange affects their value. They found that in more established companies, having a higher concentration of ownership tends to make them perform better. However, in high-tech companies, having a lot of ownership can actually lower their value. This means that the relationship between ownership and value varies depending on the type of company.