Inherited Wealth, Corporate Control and Economic Growth

@inproceedings{Morck1998InheritedWC,
  title={Inherited Wealth, Corporate Control and Economic Growth},
  author={Randall Morck and David Strangeland and Bernard Yeung},
  year={1998}
}
Countries in which billionaire heirs' wealth is large relative to G.D.P. grow more slowly; show signs of more political rent seeking, and spend less on innovation than do other countries at similar levels of development. In contrast, countries in which self-made entrepreneur billionaire wealth is large relative to G.D.P. grow more rapidly and show fewer signs of rent seeking. We argue that this is consistent with wealthy entrenched families having objectives other than creating public… CONTINUE READING

Citations

Publications citing this paper.
SHOWING 1-10 OF 102 CITATIONS

Information Systems 1-1-2012 Industry Contagion in Loan Spreads

VIEW 11 EXCERPTS
CITES METHODS & BACKGROUND
HIGHLY INFLUENCED

Title Directors ' and officers ' liability insurance and acquisitionoutcomes

VIEW 11 EXCERPTS
CITES METHODS & BACKGROUND
HIGHLY INFLUENCED

FILTER CITATIONS BY YEAR

2000
2019

CITATION STATISTICS

  • 18 Highly Influenced Citations

Similar Papers