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Many industries and sectorsʺ of a modern economy display the interaction of private and public agents which forms the topic of this seminar. A first approximation classification identifies three broad types of situations, which beyond the prima facie similarity, are however radically different...
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We present the first broadly representative study for any early twentieth century economy of the extent to which quoted company ownership was already divorced from managerial control. In the 337 largest, independent, UK companies in the Investor's Year Book (those with £1m or more share capital...
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Close corporations account for 51 percent of the private sector output and 52 percent of all private employment in the US. Understanding governance issues facing these firms is therefore of considerable importance.(...)
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We investigate the relationship between financial integration and output volatility at micro and macrolevels. Using a … very large firm-level dataset from EU countries over time, we construct a measureof "deep" financial integration at the … higher levelsof financial integration and volatility.... …
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