Publication
Common-ownership versus cross-ownership: evidence from the automobile industry
| dc.contributor.author | Huse, Cristian | |
| dc.contributor.author | Ribeiro, Ricardo | |
| dc.contributor.author | Verboven, Frank | |
| dc.date.accessioned | 2024-04-03T17:15:52Z | |
| dc.date.available | 2024-04-03T17:15:52Z | |
| dc.date.issued | 2024-12-01 | |
| dc.description.abstract | Overlapping ownership has gained considerable momentum in the last decades, yet little is known about the role of its sources. We quantify the relative importance of common-ownership (by shareholders external to an industry) and cross-ownership (by firms within the industry). We focus on the global automobile industry, over the period 2007–2021, and document that common-ownership links constitute between 31% and 39% of the equity ownership of automobile manufacturers, while cross-ownership links amount to 6%–9%. We show that not accounting for these relatively modest cross-ownership links has important implications: it can increase the average weight assigned by managers to the profit of competitors by between 33% and 68%. | pt_PT |
| dc.description.version | info:eu-repo/semantics/publishedVersion | pt_PT |
| dc.identifier.doi | 10.1111/joie.12390 | pt_PT |
| dc.identifier.eid | 85188526329 | |
| dc.identifier.issn | 0022-1821 | |
| dc.identifier.uri | http://hdl.handle.net/10400.14/44446 | |
| dc.identifier.wos | 001190509100001 | |
| dc.language.iso | eng | pt_PT |
| dc.peerreviewed | yes | pt_PT |
| dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | pt_PT |
| dc.title | Common-ownership versus cross-ownership: evidence from the automobile industry | pt_PT |
| dc.type | journal article | |
| dspace.entity.type | Publication | |
| oaire.citation.endPage | 1359 | |
| oaire.citation.issue | 4 | |
| oaire.citation.startPage | 1339 | |
| oaire.citation.title | Journal of Industrial Economics | pt_PT |
| oaire.citation.volume | 72 | |
| rcaap.rights | openAccess | pt_PT |
| rcaap.type | article | pt_PT |