Religious minorities and firm ownership in early twentieth‐century Egypt

Firm Ownership and Economic Efficiency

JEL: D24, L33

Ownership of the Firm

Affirmative Action Programs and Business Ownership among Minorities and Women

Affirmative action programs are commonly used as a means to level the playing field for minorityand women-owned firms in public procurement markets, and therefore may be a positive factor in business entry and survival. To the extent that affirmative action programs also apply to traditional labor markets, however, they may also alter the opportunity cost of starting a business. We utilize the ...

Family Ownership, Multiple Blockholders and Firm Performance

Recent research has documented that family-controlled firms are very common around the world. This paper provides new evidence on the accounting and market performance of this type of companies. The empirical investigation is conducted on a market in which family firms are well-established and represent the most widespread form of ownership, namely Switzerland. Using panel data for the period 2...

Blockholder Ownership, Dividends and Firm Value

Blockholder ownership may increase firm value because of incentive alignment or lower it because of expropriation of minority investors. Dividend policy provides a way to distinguish between the two effects since large owners may prefer low dividends if they derive private benefits from controlling firms, while minority investors may prefer high dividends that benefit all shareholders. I examin...