ownership structure of the United States arose: (1) Until the mid-20th century, US corporate ownership was unexceptional: large …

, these ownership structures vest dominant control rights with families who often have little real capital invested creating … agency and entrenchment problem simultaneously. In addition, controlling shareholders can divert corporate resources for …

In most countries, many of the largest corporations are controlled by large shareholders. We show that, under … equilibrium. We construct an estimate of the world portfolio of shares available to investors who are not controlling shareholders …

. Common wisdom is that multi-firm ownership weakens governance because the blockholder is spread too thinly. We show that this … underperformance. Common ownership leads to firms' stock prices being correlated, even if their fundamentals are uncorrelated. We …

GIM Index or the proportion of activist shareholders. Following these special meetings, we find that the next quarter …

We provide an autopsy of the patterns of corporate control and ownership concentration in a dataset covering more than … shareholders from the complex, pyramidal, and often obscure corporate structures. First, we show that there are large differences … law countries. State ownership and control by individual/families via complex corporate structures is pervasive in civil …

Investors can access foreign diversification opportunities through either foreign portfolio investment (FPI) or foreign …

Thailand. We find a strong positive association between family size and family involvement in the ownership and control of the … family business. The sons of the founders play a central role in both ownership and board membership, especially when the … of the decay of family-run groups over time may be due to a dilution of ownership and control across a set of equally …