This paper analyzes the impact of blockownership dispersion on firm value. Blockholdings by multiple blockholders is a widespread phenomenon in the U.S. market. It is not clear, however, whether dispersion among blockholder is preferable to having a more concentrated ownership structure. To test...

In this paper, we investigate one particular dimension of corporate governance, namely board composition, and present empirical evidence regarding its relationship with performance on French equities. To this end, we build our own board index combining six board provisions which are commonly...