This study investigates the Impact of Ownership Concentration on the operating performance of Pakistani firms. Sample of 50 non-financial firms is selected from KSE-100 index of Karachi Stock Exchange of Pakistan. Descriptive analysis shows that there is an immense level of ownership...

We analyze horizontal mergers when the acquirer holds a passive partial ownership stake (PPO) in the target firm prior to the merger. We show that a PPO reduces the minimal synergy level necessary to make a merger beneficial for consumers. It follows that an antitrust authority ignoring existing...

In this paper we investigate the relationship between family ownership structure and corporate value across a sample of 1314 firm-year observations of China's family publicly listed companies (PLCs), from 2004 to 2008. We find a significant inverse-U-shaped relationship between the controlling...