Concentrated Ownership

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    Abstract

    This entry summarizes the main theoretical contributions and empirical findings in relation to concentrated ownership from a law and economics perspective. The various forms of concentrated ownership are described as well as analyzed from the perspective of the legal protection of investors, especially minority shareholders. Concentrated ownership is associated with benefits and costs. Concentrated ownership may reduce agency costs by increased monitoring of top management. However, concentrated ownership may also provide dominating owners with private benefits of control.
    Original languageEnglish
    Title of host publicationEncyclopedia of Law and Economics
    EditorsJürgen Backhaus
    Number of pages8
    Place of PublicationNew York
    PublisherSpringer Science+Business Media
    Publication date2014
    ISBN (Print)9781461478836 , 9781461477525
    ISBN (Electronic)9781461477549
    DOIs
    Publication statusPublished - 2014

    Bibliographical note

    Published online 29 Sep 2014
    CBS Library does not have access to the material

    Cite this

    Rose, C. (2014). Concentrated Ownership. In J. Backhaus (Ed.), Encyclopedia of Law and Economics Springer Science+Business Media. https://doi.org/10.1007/978-1-4614-7883-6_533-1