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This paper analyzes the ownership and governance of the business corporations of New York State in the 1820s. Using a new dataset collected from the manuscript records of New York's 1823 capital tax, and from the charters of the corporations, I analyze the ownership structures of the firms, and...
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probability of large increases in ownership through managerial purchases of shares is not. The relation between changes in Tobin …
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governance structure of each bank. Moreover, we show that the relation between bank risk and capital regulations, deposit …
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following good firm performance or a desire to reward management for good past performance. Overall our evidence seems more …
Persistent link: https://www.econbiz.de/10009151863