We find that ownership changes much less over time in private firms than in public firms. The average largest … ownership dominates ownership determinants proposed in the literature, and the estimated relationship depends heavily on whether … the economic model and the econometric technique capture the strong ownership persistence. This evidence suggests that …

1 Introduction: Corporate Ownership -- Part I Hardware: A Value Creation Framework -- 2 The Primacy of an Owner …: Owners as Leaders and Value Creators -- 14 Profiles in Ownership -- 15 Transitioning to Ownership and Developing as Owner … -- 16 Ownership in the Twenty-First Century: Closing Thoughts. …