that these reoptimized ownership choices raise firm output by 40% and productivity by 7.5% on average. An extended property …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 …

Financial markets in Europe have become increasingly integrated in recent years, leading to a rise in foreign ownership … analysis of the evolution and implications of foreign ownership in Europe today. In addition to providing new data on the … extent of foreign ownership in Europe, the authors analyse some of the major challenges it brings for policy-makers at both …