consequences of a major shift in the production of coca paste from Peru and Bolivia to Colombia, where most coca leaf is now …

This Paper analyses the effects of ownership structure on corporate environmental performance and examines the link … from financial performance to environmental performance in a transition economy. In particular, it analyses these ownership … ownership and various types of private ownership, while contrasting concentrated and diffuse forms of private ownership …

corporations. We investigate this question by tracing the ownership and board composition of firms incorporated in around 1900 over … the subsequent 100 years, and comparing the pattern of ownership and control with a sample incorporated around 1960. We … outside equity finance, and there was rapid dispersion of ownership even in the absence of investor protection. The …

trading of ownership and control in a private information setting. The model provides a novel explanation for the prevalence … and persistence of the separation of ownership from control in modern corporations: efficiency in the market for corporate … control is more easily achieved when ownership is not concentrated in the hands of the manager. The central reason is that low …