Cross-ownership smooths firms' idiosyncratic shocks but affects their portfolio choice and, therefore, their risk-taking position. The classical intuition on the role of pooling risk in raising welfare is valid when ownership is evenly dispersed.
Oct 1, 2024 · Abstract. Cross-ownership smooths firms' idiosyncratic shocks but affects their portfolio choice and, therefore, their risk-taking position.
Cross-ownership smooths firms' idiosyncratic shocks but affects their portfolio choice and, therefore, their risk-taking position.
Jan 31, 2021 · Cross-ownership smooths firms' idiosyncratic shocks but affects their portfolio choice and, therefore, their risk-taking position.
Cross-ownership smooths firms' idiosyncratic shocks but affects their portfolio choice and, therefore, their risk-taking position.
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Cross-ownership smooths firms' idiosyncratic shocks but affects their portfolio choice and, therefore, their risk-taking position.
Cross-ownership and portfolio choice ; Journal: Journal of Economic Theory, 2021, p. 105194 ; Publisher: Elsevier BV ; Authors: Andrea Galeotti, Christian Ghiglino.
institutional cross-holders can influence the product market strategies of these same-industry firms to enhance the combined value of their holdings. A cross- ...
Financial networks reflect cross-ownership across corporations, short term borrowing and lending among banks, international financial flows and norms of risk ...
May 19, 2021 · However, there is limited evidence on whether and how institutional cross-ownership affects portfolio firms' interaction with credit markets.