. Inside ownership reflects the classic tradeoff between incentives and risk diversification, and the severity of agency costs …, inside ownership, and the marginal cost of capital. We discuss implications for the determinants of firm size, the … relationship between Tobin's Q and ownership, and the effect of financial liberalizations. …

1. Chapter One: Introduction -- 2. Chapter Two: Self-Ownership and Property Rights -- 3. Chapter Three: Legacies of … self-ownership and individual responsibility. They correctly point out that the hardships that the ancestors of those now …

Seminal theories of the firm posit that firm ownership is allocated to minimize contractual inefficiencies. Yet, it … remains unclear how much the optimal ownership choice affects firm performance in practice. This paper provides a first … quantification of the gains from optimal ownership within multinational firms, by exploiting a major liberalization of China's policy …

Assets are an important means of coping with adverse events in developing countries but the role of gendered ownership … of assets, but relative ownership varies by type of asset. Controlling for unobserved heterogeneity across households and …

Germany is known for its family-owned businesses that transfer ownership across generations. However, business owners … institutionalized way private ownership of businesses is transferred. In this paper, we analyze and explain this fundamental change in … German family capitalism since the 1990s. Drawing on a sociology of ownership, we view family succession as a transfer regime …