The Rise and Fall of the Widely Held Firm - A History of Corporate Ownership in Canada / Randall Morck, Michael Percy, Gloria Tian, Bernard Yeung.

Format:

Book

Author/Creator:

Morck, Randall.

Contributor:

National Bureau of Economic Research.

Percy, Michael.

Tian, Gloria.

Yeung, Bernard.

Series:

Working Paper Series (National Bureau of Economic Research) no. w10635.

NBER working paper series no. w10635

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2004.

Summary:

A panel of corporate ownership data, stretching back to 1902, shows that the Canadian corporate sector began the century with a predominance of large pyramidal corporate groups controlled by wealthy families or individuals. By mid-century, widely held firms predominated. But, from the 1970s on, pyramidal groups controlled by wealthy families and individuals resurge, restoring a situation similar to that a century earlier. Institutional factors underlying this resurgence are shown to have antecedents deep in the country's colonial past.

Notes:

Print version record

July 2004.