TY  - JOUR
AU  - Morck, Randall
AU  - Percy, Michael
AU  - Tian, Gloria
AU  - Yeung, Bernard
TI  - The Rise and Fall of the Widely Held Firm - A History of Corporate Ownership in Canada
JF  - National Bureau of Economic Research Working Paper Series
VL  - No. 10635
PY  - 2004
Y2  - July 2004
DO  - 10.3386/w10635
UR  - http://www.nber.org/papers/w10635
L1  - http://www.nber.org/papers/w10635.pdf
N1  - Author contact info:
Randall Morck
Faculty of Business
University of Alberta
Edmonton, AB T6G 2R6
CANADA
Tel: 780/492-5683
Fax: 780/492-3325
E-Mail: randall.morck@ualberta.ca

Michael Percy
University of Alberta
School of Business
Edmonton Alberta
CANADA T6G 2R6
E-Mail: michael.percy@ualberta.ca

Gloria Tian
University of Lethbridge
4401 University Drive
Lethbridge, Alberta
Canada
E-Mail: gloria.tian@uleth.ca

Bernard Yeung
National University of Singapore
Mochtar Riady Building
15 Kent Ridge Drive
BIZ 1, Level 6, #6-19
Singapore
Tel: +65 6516 3075 
Fax: +65 6779 1365 
E-Mail: byeung@nus.edu.sg
M1  - published as Randall Morck, Michael Percy, Gloria Tian, Bernard Yeung. "The Rise and Fall of the Widely Held Firm: A History of Corporate Ownership in Canada ," in Randall K. Morck, editor, "A History of Corporate Governance around the World: Family Business Groups to Professional Managers" University of Chicago Press (2005)

AB  - A panel of corporate ownership data, stretching back to 1902, shows that the Canadian corporate sector began the century with a predominance of large pyramidal corporate groups controlled by wealthy families or individuals. By mid-century, widely held firms predominated. But, from the 1970s on, pyramidal groups controlled by wealthy families and individuals resurge, restoring a situation similar to that a century earlier. Institutional factors underlying this resurgence are shown to have antecedents deep in the country's colonial past.
ER  -