different measures produce very different results. But, whichever measure is used, taking account of pyramid ownership … ultimate control rights measures are adequate on their own, suggesting that further work on ownership structure and pyramids is …

ownership and control to be an advantage of the Anglo-American economies. They have also attributed the failure of other …

-level uncertainty is characterized by a pecking order: the announcement of a domestic takeover leads to a reduction in the uncertainty …

factors: family ownership and source of the competitive pressure. A novel aspect of our paper is that we rely on two …

ownership and control to be an advantage of the Anglo-American economies. They have also attributed the failure of other …

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 …. Consolidation in the asset management industry increases universal ownership and common ownership of industry rivals. Extant results …

since it suggests that twotier boards can be a valuable option in Continental Europe where ownership structure is … have introduced the possibility to choose between one-tier and two-tier structure of boards for listed firms. …

We analyze the optimal ownership, delegation and compensation structures when a manager is hired to run a firm and to … choice. Optimality would require a large ownership stake for monitoring but a small stake for not interfering with managerial …. The large shareholder retains full ownership of the firm but monitoring, and the resulting firing policy, are distorted …