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Cited by 10,541

The DOI matches its Crossref record; 6 of the 6 references it cites were found in a registry or an index.

Corporate Ownership Around the World

Open access
La Porta, Rafael, Lopez‐De‐Silanes, Florencio, Shleifer, Andrei·1999·The Journal of Finance
DOI 10.1111/0022-1082.00115
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Abstract

We use data on ownership structures of large corporations in 27 wealthy economies to identify the ultimate controlling shareholders of these firms. We find that, except in economies with very good shareholder protection, relatively few of these firms are widely held, in contrast to Berle and Means's image of ownership of the modern corporation. Rather, these firms are typically controlled by families or the State. Equity control by financial institutions is far less common. The controlling shareholders typically have power over firms significantly in excess of their cash flow rights, primarily through the use of pyramids and participation in management.

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Crossref · 10.1111/0022-1082.00115

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Metadata

Authors
La Porta, R., Lopez‐De‐Silanes, F., & Shleifer, A.
Venue
The Journal of Finance
Publisher
Wiley
Published
1999-04
Volume
54
Issue
2
Pages
471-517
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/0022-1082.00115
OpenAlex
W3123091495
Cited by
10,541
References
6
FWCI
613.31
Type
journal article
Language
en
Open access
bronze

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Data sources

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.