Question
Book Icon
Chapter 29, Problem 20P
Summary Introduction

To discuss: The way in which a controlling family can use a pyramidal control structure to benefit an expense of another shareholder.

Introduction:

A company whose ownership structure is arranged in the form a top-down chain of control is termed as pyramidal control structure.

Blurred answer
Students have asked these similar questions
What are the indicators of shareholder welfare?
How do dominant shareholders expropriate minority shareholders?
What advantages does a sole proprietor offer? What is a major drawback of this type of organization?
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Intermediate Financial Management (MindTap Course...
Finance
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Cengage Learning
Text book image
Business/Professional Ethics Directors/Executives...
Accounting
ISBN:9781337485913
Author:BROOKS
Publisher:Cengage
Text book image
Financial Management: Theory & Practice
Finance
ISBN:9781337909730
Author:Brigham
Publisher:Cengage
Text book image
Principles of Accounting Volume 2
Accounting
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax College
Text book image
EBK CONTEMPORARY FINANCIAL MANAGEMENT
Finance
ISBN:9781337514835
Author:MOYER
Publisher:CENGAGE LEARNING - CONSIGNMENT
Text book image
Financial Accounting Intro Concepts Meth/Uses
Finance
ISBN:9781285595047
Author:Weil
Publisher:Cengage