The rapid growth in index funds and significant consolidation in the asset-management
industry over the past few decades has led to higher levels of common ownership and …

Two secular trends are shaking the foundations of corporate law. On the one hand,
reconcentration of share ownership in the hands of institutional investors is afait accompli …

Dual-Class Shares in the Age of Common Ownership Vittoria Battocletti,* Luca Enriques,** and
Alessandro Page 1 Dual-Class Shares in the Age of Common Ownership Vittoria Battocletti …

Institutional holdings of the country's publicly traded companies have increased substantially
over the last few decades. Today, some investment funds have significant shareholdings in …

This paper investigates the impact of connected institutional investors on stock price crash
risk. We document that the closer institutions are to the central position of the network, the …

Recent public debate on common ownership by institutional investors has brought
awareness to one of the many intersections between the corporate and antitrust worlds. But …

A familiar argument, with origins in Legal Realism, is that who decides cases matters for the
development of the law. 1 In varying degrees, judges bring their heuristics, biases, and …

Zusammenfassung Der Siegeszug von Indexfonds stellt eine Herausforderung für die
Corporate Governance von Publikumsgesellschaften dar. Auf Basis umfangreicher eigener …

common ownership should focus on mechanisms that institutional investors are likely to
harness in reducing competition between their portfolio firms. Here, legal reforms can play a …

Virtual Competition by Ariel Ezrachi and Maurice Stucke2 can be seen to have brought the
attention of the antitrust law community to the issues of algorithms and big data. 3 Since the …