Donelli, Marcelo; Larrain, Borja; Francisco Urzúa, I. - In: Journal of Financial and Quantitative Analysis 48 (2013) 02, pp. 579-609
We study the empirical determinants of corporate ownership dynamics using a unique, hand-collected 20-year data set on the ownership structure of Chilean companies. Controllers’ blockholdings are on average high and stable over time. Controllers still make changes to their holdings through...