This paper analyses ownership and control structures of Dutch listed companies. Legislation effective since 1992 … that the average ownership stakes of the largest and the three largest shareholders are 27% and 41%, respectively. The … average ownership stakes of banks, insurance companies and other financial institutions are relatively low. We observe that …

presents a challenge due to the endogeneity of ownership structures. However, unlike other blockholders, individuals tend to …

, using a new blockholder-firm panel data set in which we can track all unique blockholders among large public U.S. firms. We … compensation policies. This evidence suggests that blockholders vary in their beliefs, skills, or preferences. Different large … consistent with influence for activist, pension fund, corporate, individual, and private equity blockholders, hut consistent with …

-financial blockholder or insider as their largest shareholder. Blockholders and insiders tend to be less diversified than institutional … investors. Measures of "universal" and "common" ownership of firms are therefore lower than previously believed based on … analyses of institutional investors' holdings alone, and the heterogeneity in ownership structures across firms is greater …

. Common wisdom is that multi-firm ownership weakens governance because the blockholder is spread too thinly. We show that this … underperformance. Common ownership leads to firms' stock prices being correlated, even if their fundamentals are uncorrelated. We …

We study how share repurchases affect the ownership stake of outside blockholders in 950 publicly-traded US … that share repurchases tend to make outside ownership less concentrated: repurchasing one percent of outstanding common …