The Equity Ownership Structure of Thai Firms
The Equity Ownership Structure of Thai Firms
复制标题
泰国企业的股权结构
DOI：
10.2139/ssrn.271358
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发表时间：
2001
期刊：
影响因子：
--
通讯作者：
Yupana Wiwattanakantang
中科院分区：
文献类型：
--
作者：
Yupana Wiwattanakantang
本文研究了1996年泰国上市公司的所有权结构。所有权结构集中。在82.59%的样本公司中，第一大股东也是控股股东。控股股东主要是家族。外国投资者构成了第二大控股股东群体。大部分控股股东采用简单的所有权模式来控制公司。只有21.27%的公司控股股东采用金字塔结构和交叉持股结构控制公司。控股股东不仅控制投票权。在大约70%的样本公司中，控股股东作为高管和董事参与公司的管理。
This paper examines the ownership structure of listed Thai firms in 1996. The ownership structure is concentrated. In 82.59 percent of the firms in the sample, the largest shareholders are also controlling shareholders. The controlling shareholders are mainly families. Foreign investors form the second largest group of controlling shareholders. More of the controlling shareholders use a simple ownership pattern to control the firms. Only in 21.27 percent of the firms, the controlling shareholders employ pyramid structures, and cross-ownership structures to control the firms. The controlling shareholders do not just control the votes. In approximately 70 percent of the firms in the sample, the controlling shareholders are involved in the firms' management as officers and directors.