The negative effects of common ownership on competition have received significant attention, but many proposed … investors might influence competition. Our model implies a negative effect of common ownership on firms' use of revenue …

This paper analyses the effects of competition between banks with different ownership structures on financial stability …, social welfare, risk-taking incentives and performance. Specifically, we present a model of strategic competition in the … stability, social welfare, and banking competition. We also show that stakeholder banks are less risk-inclined and obtain a …

This paper documents a causal effect of trade-induced competition on the ownership dynamics of firms using the largest …

We study how product market competition affects firms' ownership structures using a large sample of closely-held firms … that the stakes of their outside shareholders are more dispersed. These results are explained by competition increasing the … ownership structure, competition mitigates incentive misalignment among shareholders, leading to better firm performance and …

CDAX-listed non-financial firms in Germany can be classified as family firms. They also represent about one third of all …

incentives on the divestiture decision of equity blockholders by exploiting a quasi-experimental policy change in Germany. The …