We consider a mean-variance general equilibrium economy where the expected returns for controlling and non-controlling shareholders are different because the former are able to divert a fraction of the profits. We find that when investor protection is poor, asset return correlation affects ownership structure in a positive way. Higher return correlation lowers the benefits of diversification wh...

We describe and analyse the portfolio structure of Dutch households using micro panel data from the CentER Savings Survey, 1993-1998. The data allows for a distinction between many types of assets. Moreover, we have information on mortgage debt, consumer debt, etc. We analyse the composition of household portfolios and the level of portfolio diversification, and its relation to age, birth cohor...

Using the 2006 and 2010 Health and Retirement Study, we explore how the recent recession impacted the wealth holding and retirement plans of older households in the United States. Of particular interest to us is whether the impact on household asset ownership, asset wealth and household retirement behavior varied with the nativity of the household and its standing in the wealth distribution pri...

Abstract Marxists see firm ownership as an instrument for capitalists to exploit workers for “surplus value”. Neo-classical economists treat capital and labour equally as factors of production, which generate wages for workers and profits for capital owners. Both “Surplus value” and profits should be, and indeed are, on average, positive in typical market economies. This paper proposes a theory...

Having adequate, sufficient and timely information and data is very important for investors' decision making. Processing information and allocating the asset are two fundamental tasks in the securities market and the stock price is more likely to have the nature of disclosure, information effectiveness and asset allocation efficiency. Thus, in this research, the effects of large block transacti...

Purpose: This study, examined the gender gap that still exists in asset ownership and its associated factors.
 Methodology/Approach: study employs an integrative review to provide a comprehensive understanding of phenomenon under study. The purpose this is establish whether findings are consistent generalizable across different settings Tanzania or they vary significantly by particular sub...

This study aims to precisely determine the effect of poor households' total assets on poverty depth level in Aceh Province Indonesia. The contribution this research is that it can become a reference for solutions at every Poor Households various deciles. moderation households indicate resilience households. moderate regression analysis using panel data 2011-2021. interaction between variables j...

Joint ventures, a particularly popular form of corporate cooperation, exhibit ownership patterns that are clustered around equal shareholdings for a wide variety of parent firms. In this paper, we investigate why 50-50 or “50 plus one share" equity allocations should be so prevalent. In our model, parent firms trade off control benefits and costs with incentives for resource contributions in th...