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 …

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 …

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 …

model with strategic interaction between managers and outside shareholders, we hypothesize that, while an increase in the … severe if firms have a more dispersed ownership structure. Empirically, using a large panel of European firm-level data, we …

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