“The topic of common ownership has received substantial attention from both academics and policymakers in recent years. Broadly defined, common ownership exists when investors hold partial and significant shares in related firms. Institutional investors – the largest form of common owners – have grown to control over 70% of the US stock market. While a growing body of empirical research has linked common ownership to product market outcomes, little evidence has been uncovered to reveal a common owner’s use of corporate governance mechanisms as a conduit to affect firm decision-making …” (more)
[Nathan Shekita, Oxford Business Law Blog, 5 January]
First posted 2021-01-05 12:11:26
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