In Strange Company: The Puzzle of Private Investment in State-Controlled Firms

The following post comes to us from Professor Mariana Pargendler of the Fundação Getulio Vargas School of Law at São Paulo, Brazil.  

Despite prior waves of privatization, state-owned enterprises (SOEs) remain a fixture of the variety of capitalism embraced by …

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Editor's Tweet: Professor Mariana Pargendler discusses her new article on private investment in state-controlled firms

The Separation of Ownership and Consumption

In our paper, The Evolution of Shareholder Voting Rights: Separation of Ownership and Consumption, which was recently made publicly available on SSRN, we show how the ownership patterns of early business corporations shaped their peculiar governance structure. While the …

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Editor's Tweet: Professors Henry Hansmann of Yale Law and Mariana Pargendler discuss the separation of ownership and consumption