ownership structure of the United States arose: (1) Until the mid-20th century, US corporate ownership was unexceptional: large … diversified and family controlled; but the others were tightly focused and had widely held apex firms; (3) US business groups …

We examine the interaction between three kinds of concentrated owners commonly found in an emerging market: family …

devices, a family can control corporations without making a commensurate capital investment. In many countries, such families …, these ownership structures vest dominant control rights with families who often have little real capital invested creating …

profitability and high capital requirements. Chaebols grow horizontally (that is, using direct family ownership) when the family …In this paper we study the determinants of business groups' ownership structure using unique panel data on Korean …, pyramidally) as the family uses well-established group firms ("central firms") to set up and acquire younger firms that have low …

performance of German firms taking account of banks' equity holdings, the extent of banks' proxy voting rights, and the ownership …

Both managerial ownership and performance are endogenously determined by exogenous (and only partly observed) changes … data to show that managerial ownership is explained by key variables in the contracting environment in ways consistent with … the predictions of principal-agent models. A large fraction of the cross-sectional variation in managerial ownership is …

. The strong concentration of family ownership in France is traced to historical weaknesses in the money and capital markets …This paper attempts to show the importance of history in influencing the structure of corporate ownership in France … emergence of banks and the capital market. Further historical factors influencing French corporate ownership were the changes in …

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 …