has shown that there is a great variety in ownership
and control arrangements across countries. This diversity has
sparked a lively debate and in order to understand the reasons
for such differences, it was felt that one had to go back in time
and look at the evolution of ownership and control in parallel
with the evolution of economic growth, regulatory reform and politics.
This project, initiated by the National
Bureau of Economic Research
(NBER), examines the evolution
of ownership and control in nine countries. A number of ECGI Research
Fellows and Associates will work closely with the NBER and the
of Alberta School of Business.
The research project is sponsored by the National Bureau of Economic
Research, the University of Alberta Business School and the ECGI.
have been appointed for the different country topics.
The project leader is Randall K. Morck
A. Jarislowsky Professor of Finance at the University of Alberta
Business School and a Research Associate of the National Bureau
of Economic Research (NBER).
In 2003, a series of articles appeared
in the Financial Times highlighting the key results of the research.
See ECGI Press coverage
for details of the some of theses articles. (Some coverage requires
a subscription to ft.com):
In conjunction with the corporate dynasties
article series, FT.com hosts a special site, www.ft.com/dynasties
which includes related material from the FT.
ECGI Working Papers will appear over
the course of the project. Those published to date are: