How about hk will ownership structure affect the

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Unformatted text preview: oration’s stock ownership structure? • How about HK? • Will ownership structure affect the running of the corporation? 5 8/29/2013 CUHK Prof Fong FINA3070 A US corporation’s equity is often widely held (Figure 14.3: Third quarter 2011 statistics) Percent of Holdings Asian Closely-held Firms Table 33.1: The ownership of firms in Asia is held by a small number of very wealthy families Hong Kong Indonesia Japan Korea Malaysia Philippines Singapore Taiwan Thailand Number of Firms in Smaple 330 178 1240 345 238 120 221 141 167 Family 66.7 71.5 9.7 48.4 67.2 44.6 55.4 48.2 61.6 State 1.4 8.2 0.8 1.6 13.4 2.1 23.5 2.8 8 Widely Held 7 5.1 79.8 43.2 10.3 19.2 5.4 26.2 6.6 Percent of Assets controlled by top 10 families 32.1 57.7 2.4 36.8 24.8 52.5 26.6 18.4 46.2 6 8/29/2013 CUHK Prof Fong FINA3070 ABB: one of Sweden’s largest companies Shares...
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