Common Ownership in America: 1980–2017

We empirically assess the implications of the common ownership hypothesis from a historical perspective using the set of S&P 500 firms from 1980 to 2017. We show that the dramatic rise in common ownership in the time series is driven primarily by the rise of indexing and diversification and, in...

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Bibliographic Details
Published in:American economic journal. Microeconomics 2021-08, Vol.13 (3), p.273-308
Main Authors: Backus, Matthew, Conlon, Christopher, Sinkinson, Michael
Format: Article
Language:English
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