Purpose – The purpose of this paper is to investigate the impact of organizational change upon entrepreneurship in communities such as the Israeli kibbutz, which underwent during the last two decades a process of crisis and change. Based on a theoretical model that identifies how cultural...

We follow the evolution of ownership structure in a sample of 80 Israeli companies that unified their dual-class shares in the 1990s, and compare it with a control sample of firms that maintained their dual share structure at least until 2000. Our main findings are as follows. First, controlling...