The extent to which firm ownership is concentrated or dispersed varies considerably from country to country. Explanations based on differences in the protection of minority shareholders leave a significant part of the variance unexplained. This paper offers a novel explanation for the variation in ownership concentration across countries based on differences in the quality of labor relations. W...

This paper examines a combined set of corporate governance features that influence disclosure quality in a context of ownership concentration. Agency theory presents a theoretical framework linking disclosure decision to corporate governance mechanisms. Using a Multiple Correspondence Analysis (MCA), we find that firms with poor disclosure quality have higher ownership concentration, are family...

We show that differences in the quality of labor relations across countries can help to explain cross-country differences in ownership concentration. Controlling for minority shareholder protection, countries in which labor relations are hostile tend to have more concentrated ownership than countries in which labor relations are cooperative. Union strength, labor regulation, and the political o...

This paper provides a descriptive analysis of wealth ownership and wealth inequality in Latin American countries, using diverse published sources and primary data analysis for 16 nations. We produce estimates of the distribution of home ownership, land, and financial assets, and find very high wealth concentration in all these types of assets, with the partial exception home ownership. The rele...

BACKGROUND In Tanzania, the distribution and coverage of insecticide-treated nets (ITNs) is inequitable. Arguments about the most effective and equitable approach to distributing ITNs centre around whether to provide ITNs free of charge or continue with existing social marketing strategies. The Government has decided to provide free ITNs to all children under five in the country. It is still un...

the paper studies of the effect the related and unrelated diversification for products and ownership structure on capital structure for a sample of 87 firms out of 19 industry listed on the tehran stock exchange during the period 2004- 2009. for to regress of models to apply of multivariate approach include panel data and cross-sectional regressions. this study adopts panel fixed effects regres...