Why Are Firms with More Managerial Ownership Worth Less?
Many investors and governance experts believe that “skin in the game” of managers, i.e.
Many investors and governance experts believe that “skin in the game” of managers, i.e.
Large investors often have market power in private equity markets, such as in venture capital, growth capital, or private placements.
There is a growing sense among academics and practitioners that common ownership—where two firms are at least partially owned by the same
Concerns about short-termism have been mounting in recent years and have influenced the EU shareholder directive, the US presidential deb
In many industries, overlapping ownership arrangements (OOAs) are prevalent in the form of cross-shareholding agreements among firms or c
In a 2010 special report, The Economist called the resurgence of state-owned mega-enterprises, especially those in emerging economies, “L
Conglomerates, multinational corporations and business groups are non-exclusive forms of complex firms.