Concentrated Ownership

Caspar Rose

doi:10.1007/978-1-4614-7883-6_533-1

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 language	English
Title of host publication	Encyclopedia of Law and Economics
Editors	Jürgen Backhaus
Number of pages	8
Place of Publication	New York
Publisher	Springer Science+Business Media
Publication date	2014
ISBN (Print)	9781461478836 , 9781461477525
ISBN (Electronic)	9781461477549
DOIs	https://doi.org/10.1007/978-1-4614-7883-6_533-1
Publication status	Published - 2014

Bibliographical note

Published online 29 Sep 2014

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10.1007/978-1-4614-7883-6_533-1Licence: Unspecified

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AB - 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.

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