The DOI matches its Crossref record; 44 of the 44 references it cites were found in a registry or an index.
The Myth of Diffuse Ownership in the United States
Open accessAbstract
This article offers evidence on the ownership concentration at a representative sample of U.S. public firms. Ninety-six percent of these firms have blockholders; these blockholders in aggregate own an average 39% of the common stock. The ownership of U.S. firms is similar to and by some measures more concentrated than the ownership of firms in other countries. These findings challenge current thinking on a number of issues, ranging from the nature of the agency conflict in domestic corporations to the relationship between ownership concentration and legal protections for investors around the world. The Author 2007. Published by Oxford University Press on behalf of The Society for Financial Studies. All rights reserved. For Permissions, please email: journals.permissions@oxfordjournals.org, Oxford University Press.
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Cites
La Porta, R., Lopez‐de‐Silanes, F., Shleifer, A., & Vishny, R. W. (1998) · Journal of Political Economy · doi:10.1086/250042 · Cited by 18,025
Corporate Ownership Around the World
La Porta, R., Lopez‐De‐Silanes, F., & Shleifer, A. (1999) · The Journal of Finance · doi:10.1111/0022-1082.00115 · Cited by 10,541
Large Shareholders and Corporate Control
Shleifer, A., & Vishny, R. W. (1986) · Journal of Political Economy · doi:10.1086/261385 · Cited by 8,408
Management ownership and market valuation
Morck, R., Shleifer, A., & Vishny, R. W. (1988) · Journal of Financial Economics · doi:10.1016/0304-405x(88)90048-7 · Cited by 6,895
The Structure of Corporate Ownership: Causes and Consequences
Demsetz, H., & Lehn, K. (1985) · Journal of Political Economy · doi:10.1086/261354 · Cited by 6,236
The separation of ownership and control in East Asian Corporations
Claessens, S., Djankov, S., & Lang, L. H. P. (2000) · Journal of Financial Economics · doi:10.1016/s0304-405x(00)00067-2 · Cited by 5,754
Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500
Anderson, R. C., & Reeb, D. M. (2003) · The Journal of Finance · doi:10.1111/1540-6261.00567 · Cited by 5,122
Additional evidence on equity ownership and corporate value
McConnell, J. J., & Servaes, H. (1990) · Journal of Financial Economics · doi:10.1016/0304-405x(90)90069-c · Cited by 4,309
How do family ownership, control and management affect firm value?
Villalonga, B., & Amit, R. (2006) · Journal of Financial Economics · doi:10.1016/j.jfineco.2004.12.005 · Cited by 4,185
The ultimate ownership of Western European corporations
Faccio, M., & Lang, L. H. P. (2002) · Journal of Financial Economics · doi:10.1016/s0304-405x(02)00146-0 · Cited by 3,795
Cited by
Blockholder Trading, Market Efficiency, and Managerial Myopia
EDMANS, A. (2009) · The Journal of Finance · doi:10.1111/j.1540-6261.2009.01508.x · Cited by 1,258
Large Shareholders and Corporate Policies
Cronqvist, H., & Fahlenbrach, R. (2009) · Review of Financial Studies · doi:10.1093/rfs/hhn093 · Cited by 451
The State of Corporate Governance Research
Bebchuk, L. A., & Weisbach, M. S. (2010) · Review of Financial Studies · doi:10.1093/rfs/hhp121 · Cited by 435
Exit as Governance: An Empirical Analysis
BHARATH, S. T., JAYARAMAN, S., & NAGAR, V. (2013) · The Journal of Finance · doi:10.1111/jofi.12073 · Cited by 382
The Future of Securities Regulation
ZINGALES, L. (2009) · Journal of Accounting Research · doi:10.1111/j.1475-679x.2009.00331.x · Cited by 312
Metadata
- Authors
- Holderness, C. G.
- Venue
- Review of Financial Studies
- Publisher
- Oxford University Press (OUP)
- Published
- 2007-12-10
- Volume
- 22
- Issue
- 4
- Pages
- 1377-1408
- ISSN
- 0893-9454 (ISSN-L)
- 1465-7368
- OpenAlex
- W2120552721
- Cited by
- 656
- References
- 44
- FWCI
- 77.44
- Type
- journal article
- Language
- en
- Open access
- green
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.