control for a wide range of CEO, firm and industry characteristics. The differences in hours worked between family and … ownership. Differences in labor supply are larger in countries where inheritance laws favor wealth concentration and are …

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 …

We discuss the relative merits of public and private ownership. Our starting point is the analysis of Hart, Schleifer … and Vishny (HSV), who apply an incomplete contract framework to study the difference between private and public ownership … important, public ownership is still preferable to private ownership. …

We analyse the effect of ownership on post-privatization performance in a virtually complete population of medium and … ownership improves economic performance, but domestic private ownership does not, relative to state-owned firms. Foreign firms … increasing profit. Ownership concentration is associated with superior performance, thus providing support to the agency theory …

-run competitive pressure has a positive impact on performance. The paper also finds evidence that ownership matters. Traditional firms …