Browsing by Subject "functional convergence"
Now showing items 1-2 of 2
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Path dependence or convergence? The evolution of corporate ownership around the world
(2006-05)We offer a theory that sheds light on the current debate over whether the form of corporate ownership converges to the Berle-Means image. Our analytical results are threefold. First, legal rules and firm-specific protective ... -
Path dependence or convergence? The evolution of corporate ownership around the world
(2007-12)We offer a model that sheds light on the debate over whether corporate ownership concentration converges to the Berle-Means image. Our model takes into account the importance of both legal rules and firm-specific arrangements. ...
