Sammanfattning
This study evaluates the effects of institutional investors' common ownership of firms competing in the same market. Overall, common ownership has two opposing effects: (a) it serves as a device for weakening market competition, and (b) it induces diversification, thereby reducing portfolio risk. We conduct a detailed welfare analysis within which the competition‐softening effects of an increased degree of common ownership is weighted against the associated diversification benefits.
| Originalspråk | Engelska |
|---|---|
| Referentgranskad vetenskaplig tidskrift | Journal of Economics & Management Strategy |
| Volym | 29 |
| Nummer | 3 |
| Sidor (från-till) | 706-723 |
| Antal sidor | 18 |
| ISSN | 1058-6407 |
| DOI | |
| Status | Publicerad - 30.05.2020 |
| MoE-publikationstyp | A1 Originalartikel i en vetenskaplig tidskrift |
FN:s SDG:er
Detta resultat bidrar till följande hållbara utvecklingsmål:
-
SDG 12 – Hållbar konsumtion och produktion
Nyckelord
- 511 Nationalekonomi
Fingeravtryck
Fördjupa i forskningsämnen för ”Common ownership, institutional investors, and welfare”. Tillsammans bildar de ett unikt fingeravtryck.Citera det här
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