The empirical literature on the potential collusive effects of common-ownership relies heavily on financial institution … mergers to make causal inferences. I find that more than 85% of newly-formed common-ownership relationships due to such … casts doubt on the utility of financial institution mergers as a natural experiment. I also find evidence that portfolio …

estimate the distribution of gains and show a statistically significant increase of 2.4% and 6.9%, respectively. The evidence …

Over the past two decades, private equity has contributed to a shrinking of the U.S. stock market. We develop a …

public listed corporation.Design/methodology/approach – This study entails common and codified law legal systems including …

Over the past two decades, private equity has contributed to a shrinking of the U.S. stock market. We develop a …

Over the past two decades, the U.S. stock market has halved in size as the "public firm model" has begun to fall out of …

development.Our analysis indicates that, contrary to the predictions of the influential “Law and finance” theory, formal investor …