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Meanings of Ownership of the Firm

Author

Listed:
  • Simon Learmount
  • John Roberts

    (Judge Business School, University of Cambridge, Cambridge, CB2 1AG. UK. Tel: +44 (0) 1223 766919 Email: sal25@cam.ac.uk)

Abstract

The notion of ‘ownership of the firm’ is central to conventional treatments of corporate governance, yet there is very little discussion about what this means in practice. In this paper we briefly draw attention to some of the debates around the notion of ownership in various disciplinary fields, and then recount and discuss some of the meanings associated with ownership of the firm that we have found in two empirical studies carried out in the UK and Japan. Our aim is to illuminate and disturb some of the commonly taken for granted notions of what it means to ‘own’ a firm. JEL Codes : G34, L20, L00

Suggested Citation

  • Simon Learmount & John Roberts, 2006. "Meanings of Ownership of the Firm," Journal of Interdisciplinary Economics, , vol. 17(1-2), pages 139-162, January.
    • Handle: RePEc:sae:jinter:v:17:y:2006:i:1-2:p:139-162
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    File URL: http://jie.sagepub.com/content/17/1-2/139.abstract
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    Citations

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    Cited by:

    1. Shan, Yuan George & Troshani, Indrit & Tarca, Ann, 2019. "Managerial ownership, audit firm size, and audit fees: Australian evidence," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 35(C), pages 18-36.
    2. Weiß, Christian, 2010. "The Ownership Concentration of Firms: Three Essays on the Determinants and Effects," EconStor Theses, ZBW - Leibniz Information Centre for Economics, number 30247, October.

    More about this item

    Keywords

    corporate governance; ownership; Japan; UK;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • L00 - Industrial Organization - - General - - - General

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