concentration (which accounts for overlapping ownership) leads to declines in employment, real wages, and the labor share. Moreover …, if the goal is to foster employment then (i) controlling common ownership and reducing concentration are complements and … pecuniary externality, an increase in common ownership can stimulate the economy when the elasticity of labor supply is high …

Seminal theories of the firm posit that firm ownership is allocated to minimize contractual inefficiencies. Yet, it … remains unclear how much the optimal ownership choice affects firm performance in practice. This paper provides a first … quantification of the gains from optimal ownership within multinational firms, by exploiting a major liberalization of China's policy …

asset-management industry has led to more pronounced common ownership concentration (CoOCo). Moreover, recent empirical …The question of whether and how partial common-ownership links between strategically interacting firms affect firm …

Economic theory suggests that monopoly prices hurt consumers but benefit shareholders. But in a world where individuals … or households can be both consumers and shareholders, the impact of market power on inequality depends in part on the … relative distribution of consumption and corporate equity ownership across individuals or households. The paper calculates this …

results suggest that exposing shareholders to more downside risk can successfully reduce bank failure …

. Consolidation in the asset management industry increases universal ownership and common ownership of industry rivals. Extant results … investors. Measures of “universal” and “common” ownership of firms are therefore lower than previously believed based on … analyses of institutional investors’ holdings alone, and the heterogeneity in ownership structures across firms is greater …