This paper proposes a new model generating city size distributions that asymptotically follow the lognormal distribution. The lognormal distribution is consistent with Zipf’s law in the top tail, which is known to hold for many countries in different periods. The key feature of our model is...

This paper proposes a new model generating city size distributions that asymptotically follow the log-normal distribution. The log-normal distribution is consistent with Zipf’s law in the top tail, which is known to hold for many countries in different periods. The key feature of our model is...

The study seeks to examine the effect of equity ownership structure on firm financial performance in South Korea. I focus on the role of two main dimensions of the ownership structure: Ownership concentration (i.e., the distribution of shares owned by majority shareholders) and identity of...