In this paper we study the determinants of business groups' ownership structure using unique panel data on Korean chaebols. In particular, we attempt to understand how pyramids form over time. We find that chaebols grow vertically (that is, pyramidally) as the family uses well-established group...

We present a new measure of liquidity known as quot;latent liquidityquot; and apply it to a unique corporate bond database. Latent liquidity is defined as the weighted average turnover of investors who hold a bond, in which the weights are the fractional investor holdings. It can be used to...

The trend of UK logistics warehouses is reported towards larger and more centralized systems on which automation is heavily invested in recent years. This is partially because of the disadvantage of manual operation resulting in the slow storage and retrieval speed, the high labor cost, and the...

Underweight and obesity are associated with adverse health outcomes throughout the life course. We estimated the individual and combined prevalence of underweight or thinness and obesity, and their changes, from 1990 to 2022 for adults and school-aged children and adolescents in 200 countries...