Recent research has demonstrated clear racial inequalities in wealth ownership, but the research is less certain about why these differences exist . Evidence that black wealth ownership, in particular, falls short of white wealth ownership has amassed at an increasing rate. In 1992, while median black income was about 60 percent of median white income, median net worth for blacks was only 8 per...

The pattern of ownership and control of British industry is unusual compared with most other countries in that ownership is relatively dispersed. Typically the largest shareholder in any large listed company is likely to own a voting minority of the shares. Majority ownership by a single shareholder is unusual. It is not uncommon for the largest shareholding to be under 20 percent and in many c...

Previous analyses of the relationship between board structure and firm performance have not considered how that relationship is affected by external ownership concentration. This paper illustrates how, as a result of this omission, estimates of the impact of staggered boards on firm performance have been biased downward. Including external ownership concentration also allows for the first time ...

This paper examines how ownership concentration affects investment performance, and in particular how deviations from the one share-one vote principle affect this ownershipperformance relationship. Using a unique panel from the Nordic countries the so-called incentive and managerial entrenchment effects are isolated. To this end a measure of marginal q is used to evaluate performance. This is a...

Established firms often face significant obstacles to innovation. As a solution, it has been suggested to form corporate ventures. Based on a sample of corporate and independent ventures in German manufacturing, we show that corporate ventures are more innovative than the control group, i.e. the independent ventures. In particular, corporate ventures are more successful at developing radical in...

This paper examines the causes on market concentration in advertisingsupported online markets such as sports, news, and email. In particular, it is the first paper to explore the relationship between concentration and product differentiation, economies of scale, market size, advertising, content costs, and multi-market ownership in online markets. As expected, differentiated large markets with ...

The central objective of our paper is to empirically examine the relationship between the ownership structure of firms and their export performance. To do so, we use data from Korea, a classic example of successful export-oriented industrialization. While a large and growing empirical literature investigates the relationship between the ownership structure and overall performance of firms, ther...

The pattern of ownership and control of British industry is unusual compared with most other countries in that ownership is relatively dispersed. Typically the largest shareholder in any large listed company is likely to own a voting minority of the shares. Majority ownership by a single shareholder is unusual. It is not uncommon for the largest shareholding to be under 20 percent and in many c...

Our main finding is that ownership concentration in the Czech Republic is associated with improvements in the performance of operating companies, but only if ownership is concentrated in hands other than investment funds. We assessed the effects of ownership structure on economic performance by measuring the relationship between annual changes in performance and changes in the composition of ow...

State resident neuroticism and the Harrington and Gelfand state tightness-looseness dimension were compared as predictors of state levels of residential mobility from 2004 to 2005 in the 50 American states. Hierarchical multiple regression controlled for state SES, white population percent, urban population percent, home ownership percent, and percent of home owners or renters paying 30 percent...