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Passive ownership can be risky for families.
Passive ownership is hard to achieve.
Gormley says there is evidence of some positive effects of passive ownership.
Specifically, we found that passive ownership is associated with higher profitability and firm value.
Those whose income comes from wage earnings: losers; those whose income comes from "passive" ownership of businesses: winners.
It examines how the corporate pension system as a mode of owning pooled capital is a new stage of passive ownership.
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The rich are getting older, and a growing chunk of their income comes from passive capital ownership rather than active work.
In addition, firms with higher passive investor ownership were more likely to remove firm takeover defenses (for example, so-called "poison pills" and limitations on shareholders calling special board meetings).
You will find them, and likely culprits will be behaviors such as interrupting, becoming aggressive or passive, taking ownership of ideas, micromanaging, and jumping too quickly to negative judgments of others.
After manumission, a slave who had belonged to a Roman citizen enjoyed not only passive freedom from ownership, but active political freedom (libertas), including the right to vote.
And as a response to what has been passive or failed ownership of the world's largest financial institutions, the "occupy" protests are an example of responsible citizenship in action.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com