In most countries, many of the largest corporations are controlled by large shareholders. We show that, under … equilibrium. We construct an estimate of the world portfolio of shares available to investors who are not controlling shareholders …

In most countries, many of the largest corporations are controlled by large shareholders. We show that, under … equilibrium. We construct an estimate of the world portfolio of shares available to investors who are not controlling shareholders …

Motivated by a growing interest in the governance role of large shareholders with diversified equity portfolios, we … examine the effect of diversified large shareholders on voluntary corporate disclosures. With substantial equity stakes, large … shareholders generally have more access to private information about portfolio firms relative to small shareholders. We suggest …

diversification benefits across industries and countries. We document a substantial increase in the number and the market value of … stocks in host countries allows domestic investors to increase their international diversification from home by investing in … investments offers an effective substitute for international diversification, and significantly contributes towards increasing the …

Evidence is provided of the effects of international diversification on global asset ownership and control. We show … that international geographic diversification in the oil and gas sector comes at an important cost, lower control over … to isolate variables underpinning asset ownership, demonstrating that international diversification increases with firm …