The question of whether and how partial common-ownership links between strategically
interacting firms affect firm objectives and behavior has been the subject of theoretical …

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 …

Corporate customers are an important stakeholder in global supply chains. We employ
several unique international databases to test whether socially responsible corporate …

Many natural competitors are jointly held by a small set of large institutional investors. In the
US airline industry, taking common ownership into account implies increases in market …

This study examines the relation between earnings management and block ownership of
same‐industry peer firms by a common set of institutional investors (common institutional …

Voluntary environmental regulations play a crucial role in promoting green innovation.
However, the existing literature on the subject has yielded inconsistent conclusions. To …

A growing number of studies suggest that common ownership caused cooperation among
firms to increase and competition to decrease. We take a closer look at four approaches …

We derive a measure that captures the extent to which common ownership shifts managers'
incentives to internalize externalities. A key feature of the measure is that it allows for the …

We investigate the relation between common institutional ownership of the firms in an
industry and product market competition. We find that common ownership is neither robustly …

Common ownership-where two firms are at least partially owned by the same investor-and
its impact on product market outcomes has recently drawn a lot of attention from scholars …