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 … ; ownership concentration ; Bayesian model estimation ; Bayesian model comparison …

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

consequences of concentrated ownership, these results suggest that bank influence serves as a substitute control mechanism, one of …

We show how temporary ownership by private equity firms affects industry structure, competition and welfare. Temporary … ownership leads to strong investment incentives because equilibrium resale prices are determined by buyers incentives to block …

Ownership takeovers often follow complex strategies where the control of the target firm is acquired through a sequence … decides on the number of steps towards the full ownership of the target (the acquisition structure) and on the combination of … cash and stock used to finance the takeover (the method of payment). Within this framework, we analyze the effect of the …

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

Do employees benefit from worker representation on corporate boards? Economists and policymakers are keenly interested … corporate boards. …

severe if firms have a more dispersed ownership structure. Empirically, using a large panel of European firm-level data, we …