This article provides a novel methodology to investigate the influence of share ownership on corporate decision making. Quantifying the characteristics of firms' owners based on their measurable investment habits enables us to assess their predominant preferences. We demonstrate that a...

Professions have long debated the desirability of outside investment and public ownership in particular. The traditional view holds that outside investors undermine professional ethics, and this fear underpins bans on public ownership. Others argue such restrictions are a way to reduce...

Academics and regulators have given significant attention to the impact of institutional investors on the companies in which they invest. Some are concerned that the institutional investors act as common owners. But in their active ownership policies institutional investors often say they are...