Mavericks, universal, and common owners-the largest shareholders of us public firms
A Amel-Zadeh, F Kasperk… - … Institute–Finance Working …, 2022 - papers.ssrn.com
Using a novel data set, we show that up to one-fifth of America's largest firms had an activist,
non-financial blockholder, or insider as their largest shareholder in the past 20 years …
non-financial blockholder, or insider as their largest shareholder in the past 20 years …
When does overlapping ownership soften competition? The role of agency frictions and repeated interaction
We document novel stylized facts about the effects of overlapping ownership on profits. We
find that overlapping ownership is associated with lower profit margins when corporate …
find that overlapping ownership is associated with lower profit margins when corporate …
The Proxy Advice Industry and Common Owners' Coordination
T Forsbacka - European Corporate Governance Institute–Finance …, 2024 - papers.ssrn.com
High levels of common ownership may reduce firms' incentives to compete. The empirical
relevance of this concern is controversial, in part because there are no obvious mechanisms …
relevance of this concern is controversial, in part because there are no obvious mechanisms …
Common Ownership, Markups, and Corporate Governance
K Khoo - Markups, and Corporate Governance (May 31, 2024), 2024 - papers.ssrn.com
The" common ownership" hypothesis posits that shareholders with stakes in multiple firms
within the same industry may reduce firm incentives to compete. While a substantial body of …
within the same industry may reduce firm incentives to compete. While a substantial body of …
[PDF][PDF] Diversification vs. Monopolization: A Laboratory Experiment
We study in a highly abstract laboratory setting whether and how subjects in the role of
shareholders use the stock market to monopolize product markets. We find that …
shareholders use the stock market to monopolize product markets. We find that …