part of the country's corporate sector. Morck and Yeung consider the reasons why family control and control pyramids … freestanding firms predominate in the United States. The authors discuss policies that countries might adopt to discourage family … effort to improve a country's institutions is needed before diffuse ownership is desirable. This paper a product of the …

foreign ownership and plant productivity. To control for the possible endogeneity of the FDI decision, the difference in … ownership leads to significant productivity improvements in the acquired plants. The improvements become visible in the … restructuring, as acquired plants increase their investment outlays, employment, and wages. Foreign ownership also appears to …

performance. Concentrated private ownership has a stronger positive effect on performance than dispersed ownership in the post … collective ownership does not have a negative effect. In the post-communist economies new firms are equally or more efficient … private ownership, corporate governance, access to know-how and markets, and the legal and institutional system matter for …