The Evolution of Corporate Ownership after IPO: The Impact of Investor Protection

@article{Foley2008TheEO,
  title={The Evolution of Corporate Ownership after IPO: The Impact of Investor Protection},
  author={C. Foley and R. Greenwood},
  journal={Experimental & Empirical Studies eJournal},
  year={2008}
}
Recent research documents that ownership concentration is higher in countries with weak investor protection. However, drawing on panel data on corporate ownership in 34 countries between 1995 and 2006, we show this pattern does not hold for newly public firms, which tend to have concentrated ownership regardless of the level of investor protection. We show that firms in countries with strong investor protection are more likely to experience decreases in ownership concentration after listing… Expand
59 Citations
The Life Cycle of Family Ownership: International Evidence
  • 170
  • Highly Influenced
  • PDF
Analyst Coverage of IPO Firms and Securities Laws: A Cross-Country Analysis
From Social to Private Ownership: Multiple Blockholders in Slovenian Unlisted Firms
  • 8
  • Highly Influenced
The Agency Cost of Pyramidal Ownership: Evidence from a Pure Incentive Shock
  • PDF
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 44 REFERENCES
Cross-Country Determinants of Mergers and Acquisitions
  • 1,082
  • Highly Influential
  • PDF
Equity Ownership and Firm Value in Emerging Markets
  • K. Lins
  • Business
  • Journal of Financial and Quantitative Analysis
  • 2003
  • 1,103
  • PDF
Ownership: Evolution and Regulation
  • 256
  • PDF
Myth of Diffuse Ownership in the United States
  • 523
  • Highly Influential
  • PDF
Why Do Companies Go Public? An Empirical Analysis
  • 1,760
  • PDF
Law and Finance
  • 14,912
  • PDF
Corporate Ownership Around the World
  • 4,982
The Ultimate Ownership of Western European Corporations
  • 3,157
  • PDF
...
1
2
3
4
5
...