TY  - CHAP
AB  - Abstract We examine the influence of ownership structure on a blockholder’s power in a firm. We first describe the presence and ownership stakes of blockholders in a comprehensive sample of US firms. We develop a measure of the influence of the ownership structure on a blockholder’s power and show that an average blockholder loses 12% of her potential power due to the presence and size of the ownership stakes of other blockholders. Further, the influence of ownership structure varies systematically with a blockholder’s rank and identity, with the second and nonfamily manager blockholders experiencing the largest loss of power.
VL  - 18
SN  - 978-1-78560-355-6, 978-1-78560-354-9/1569-3732
DO  - 10.1108/S1569-373220150000018001
UR  - https://doi.org/10.1108/S1569-373220150000018001
AU  - Basu Nilanjan
AU  - Paeglis Imants
AU  - Rahnamaei Mohammad
PY  - 2015
Y1  - 2015/01/01
TI  - Ownership Structure and Power: Evidence from US Corporations
T2  - International Corporate Governance
T3  - Advances in Financial Economics
PB  - Emerald Group Publishing Limited
SP  - 1
EP  - 45
Y2  - 2024/04/25
ER  -