This chapter documents the evolution of ownership and control of firms around the world over a hundred year period from … stock markets and contrasts these with the persistent patterns of ownership that are observed in many countries around the … world. In particular, it documents the growth in dispersion in ownership that took place in many countries from the early …

period between 2005 and 2010. Since ownership structures may have important consequences according to recent work, we … distress. We conclude that conditional on their liquidity status, these funds use cash as a device to provide for the ownership …

governance and ownership structures of the two countries. Our study explains much of the empirical puzzle of different market …

concentration of control is very high. First, 85% of all officially listed AGs have a dominant shareholder (controlling more than 25 …% of the voting rights). Second, few large blockholders control several deciding voting blocks in listed corporations …

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 …

to key performance measures. In addition, we find that salaries increase with the size of the company and that ownership …