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Justifications for minority-co-owned groups and their corporate law implications

Abstract:

Corporate groups with listed subsidiaries are common around the world, despite the risks they pose to minority shareholders. Shaping a firm as a web of formally independent, minority-co-owned legal entities facilitates controllers’ diversion of corporate wealth (tunnelling) via intragroup transactions and other non-transactional techniques. This paper problematizes the conventional view of groups as tunnelling-facilitating infrastructures by arguing that organizing as a group with listed subs...

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Publication status:
Accepted
Peer review status:
Peer reviewed

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Institution:
University of Oxford
Division:
SSD
Department:
Law
Oxford college:
Jesus College
Role:
Author
ORCID:
0000-0003-2009-0333
Publisher:
De Gruyter
Journal:
Theoretical Inquiries in Law More from this journal
Acceptance date:
2023-03-16
EISSN:
1565-3404
ISSN:
1565-1509
Language:
English
Keywords:
Pubs id:
1335516
Local pid:
pubs:1335516
Deposit date:
2023-04-04

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