Power of Ultimate Controlling Owners: A Survey of Canadian Landscape

Yoser Gadhoum ()

Journal of Management & Governance, 2006, vol. 10, issue 2, 179-204

Abstract: This study highlights the ownership structure of 1120 Canadian listed firms. The chains of ownership and control are traced back to the ultimate controlling owners, and related to some corporate features. Families are the most prevalent type of controlling shareholder. Pyramids, multiple classes of shares and cross-holdings are used to gain control, and hence, a significant separation of ownership and control is achieved. The study also provides some evidence that the role of the second ultimate owners, which is to weaken the channels that lead to expropriation, is not effective in Canada. The findings are compared to those of previous empirical ownership studies on the US, Western Europe and East Asia. Copyright Springer 2006

Keywords: ownership structure; shareholder protection; voting rights; G32 (search for similar items in EconPapers)
Date: 2006
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

Downloads: (external link)
http://hdl.handle.net/10.1007/s10997-006-0004-0 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jmgtgv:v:10:y:2006:i:2:p:179-204

Ordering information: This journal article can be ordered from
http://www.springer. ... 29/journal/10997/PS2

DOI: 10.1007/s10997-006-0004-0

Access Statistics for this article

Journal of Management & Governance is currently edited by Lino Cinquini

More articles in Journal of Management & Governance from Springer, Accademia Italiana di Economia Aziendale (AIDEA) Contact information at EDIRC.
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().