Title: The rise and fall of the widely held firm
Description: "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"--National Bureau of Economic Research web site.
Subjects: Stock ownership
Places: Canada