Corporate Ownership Around the World

@article{Porta1999CorporateOA,
  title={Corporate Ownership Around the World},
  author={R. L. Porta and Florencio L{\'o}pez‐de‐Silanes and A. Shleifer},
  journal={Journal of Finance},
  year={1999},
  volume={54},
  pages={471-517}
}
  • R. L. Porta, R. L. Porta, +3 authors A. Shleifer
  • Published 1999
  • Economics
  • Journal of Finance
  • 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… CONTINUE READING
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