On corporate ownership structure
When investor protection is strong, ownership concentration falls as firms age because firms can raise capital and grow, diluting blockholders in the process.
The evolution of corporate ownership after IPO: The impact of investor protection, by Fritz Foley and Robin Greenwood of Harvard Business School.
This work, unless otherwise expressly stated, is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License.