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
Hauptverfasser: Pindado, Julio, De La Torre, Chabela
Format: Artikel
Sprache:eng
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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.
ISSN:1350-4851
1466-4291
DOI:10.1080/1350485042000267003