This chapter documents the evolution of ownership and control of firms around the world over a hundred year period from the beginning of the 20th...Read more
Many investors and governance experts believe that “skin in the game” of managers, i.e. substantial stock and option ownership of top management,...Read more
Conglomerates, multinational corporations and business groups are non-exclusive forms of complex firms. Often organized as corporate networks,...Read more
Concerns about short-termism have been mounting in recent years and have influenced the EU shareholder directive, the US presidential debate, and...Read more
Despite predictions of their demise in the aftermath of the collapse of socialist economies in Eastern Europe, state-owned enterprises (SOEs) are...Read more