Concentrated Corporate Ownership

by Randall K. Morck

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"Standard economic models assume that many small investors own firms. This is so in most large U.S. firms, but wealthy individuals or families generally hold controlling blocks in smaller U.S. firms and in virtually all firms in most other countries. Given this, the lack of theoretical and empirical work on tightly held firms in surprising.".

"Drawing together leading scholars from law, economics, and finance, this volume examines the economic and legal issues of concentrated ownership and their impact on a shifting global economy."--BOOK JACKET.