Spending Less Time with the Family: The Decline of Family Ownership in the UK.
Family ownership was rapidly diluted in the twentieth century in Britain. The main cause was equity issued in the process of making acquisitions. In the first half of the century, it occurred in the absence of minority investor protection and relied on directors of target firms protecting the intere...
| Main Authors: | , , |
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| Format: | Working paper |
| Language: | English |
| Published: |
National Bureau of Economic Research, Inc.
2004
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