There have been many studies in the past which have focused on the impact of ownership structure and corporate governance on the cost of capital, both equity as well as debt.
Another paper by Harvard professors have again come to similar conclusions after looking at the data in East Asian and Western European countries during the period from 1996 to 2008. Hopefully the owners will start to realize the economic costs born by their companies due to the ownership structure, corporate governance & transparency issues and proactively and diligently work towards avoiding them.
