Gadhoum, Yoser; Lang, Larry H. P.; Young, Leslie - In: European Financial Management 11 (2005) 3, pp. 339-363
"Berle and Means asserted that US corporations typically have dispersed shareholders; their evidence did not support this conclusion. Today, 59.74% of US corporations have 'controlling shareholders' who hold at least 10% of the shares; 24.57% are controlled and managed by a family; 16.33% are...