Institutional owners with high ownership concentration have greater incentives to monitor the firm.
The other key issue is that the knotty, politically explosive issues of relaxed ownership concentration rules have not been advanced.
In this paper, we investigate the association between outside board directorships and family ownership concentration.
Or is ownership concentration due to the value families attach to control?
The overall effect should be that ownership concentration increases because widely-dispersed equity exaggerates the free-rider problem.
Another of the essay's recommendations is that legislation should be introduced to strengthen Ofcom's role in regulating media companies in order to prevent ownership concentration.
Rowland said there had not been a comprehensive inquiry into ownership, concentration and competition in the Australian media market since the late 1990s.
He ticked it off for its ostrich-style behaviour: the sector has made only one response to the government's communications white paper which vaguely envisages further ownership concentration.
On average, common ownership concentration has almost doubled in the last 20 years in the construction, manufacturing, finance, and services sectors.
In industries with high common ownership concentration, top executives are rewarded less for the performance of their own firm but rewarded more just for general industry performance.
He has studied control sharing in small firms, the effects of investor protection on ownership concentration, and the structure of business groups around the world.
