The Rise and Fall of the Widely Held Firm - A History of Corporate Ownership in Canada

Randall Morck, Michael Percy, Gloria Tian and Bernard Yeung

No 10635, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

JEL-codes: G3 (search for similar items in EconPapers)
Date: 2004-07
New Economics Papers: this item is included in nep-acc, nep-cfn and nep-his
Note: CF
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (9)

Published as The Rise and Fall of the Widely Held Firm: A History of Corporate Ownership in Canada , Randall Morck, Michael Percy, Gloria Tian, Bernard Yeung. in A History of Corporate Governance around the World: Family Business Groups to Professional Managers , Morck. 2005

Downloads: (external link)
http://www.nber.org/papers/w10635.pdf (application/pdf)

Related works:
Chapter: The Rise and Fall of the Widely Held Firm: A History of Corporate Ownership in Canada (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nbr:nberwo:10635

Ordering information: This working paper can be ordered from
http://www.nber.org/papers/w10635

Access Statistics for this paper

More papers in NBER Working Papers from National Bureau of Economic Research, Inc National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.. Contact information at EDIRC.
Bibliographic data for series maintained by ().