Why is ownership endogenous?
A recently published paper by Gugler and Weigand ( 2003 ) addresses the problem of the endogeneity of ownership, but an unresolved question remains. Where does this endogeneity come from? It is shown that the main source of endogeneity is the simultaneity between ownership and value.
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Veröffentlicht in: | Applied economics letters 2004-11, Vol.11 (14), p.901-904 |
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Hauptverfasser: | , |
Format: | Artikel |
Sprache: | eng |
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Online-Zugang: | Volltext |
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Zusammenfassung: | A recently published paper by Gugler and Weigand (
2003
) addresses the problem of the endogeneity of ownership, but an unresolved question remains. Where does this endogeneity come from? It is shown that the main source of endogeneity is the simultaneity between ownership and value. |
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ISSN: | 1350-4851 1466-4291 |
DOI: | 10.1080/1350485042000267003 |