How Does Common Ownership Affect Corporate Conduct?

Yuliyan Mitkov
Profile Picture of - Yuliyan Mitkov

Yuliyan Mitkov

Abstract information

The practice of common ownership has become far more common in recent decades to the extent that the same top 5 shareholders control the 6 largest US airlines. In this video, YULIYAN MITKOV analyzes the effects of common ownership and its potential anti competitive impact. Employing a theoretical model which is then tested with data, Mitkov’s research shows that common ownership is likely to have anti competitive effects when corporate governance is weak. The model developed is of significant interest to antitrust authorities. Future work will explore how the observed effects vary under different styles of common ownership and with other types of agency cost.

DOI:

https://doi.org/10.21036/LTPUB101128

Researcher

Yuliyan Mitkov is an Assistant Professor in the University of Bonn’s Institute for Finance and Statistics. He completed his PhD at Rutgers University in 2017. Mitkov’s main research interests include banking, financial economics and corporate finance. Among the awards that Mitkov has received have been the Sidney Brown Prize in Economics (2014) and the Bevier Fellowship (2016-17).

Institution information

University of Bonn (Rheinische Friedrich-Wilhelms-Universität Bonn)

The University of Bonn is one of Germany’s most prestigious and research-intensive institutions, consistently ranked among the top universities worldwide. Founded in 1818, it is celebrated for its academic excellence, particularly in mathematics and economics, and boasts a record of producing several Nobel Laureates and Fields Medalists. Located in the former German capital, the university is integrated into the city’s historic fabric, offering a vibrant international environment and a diverse range of programs across seven faculties. As a member of the elite U15 group, it remains a global leader in innovation and higher education.
University of Bonn (Rheinische Friedrich-Wilhelms-Universität Bonn)
Cover Photo of - University of Bonn (Rheinische Friedrich-Wilhelms-Universität Bonn)

Original Publication

When do common owners facilitate collusion? The role of agency frictions and repeated interaction

Konrad Adler,

Yuliyan Mitkov

Published in

Book Recommendation

Thinking, Fast and Slow

Daniel Kahneman

Two systems compete in our minds: Number one is fast and emotional, number two slower and more logical. The all time bestseller "Thinking Fast and Slow" by psychologist Daniel Kahneman explains how these systems work in an intriguing way.

Citation

Yuliyan Mitkov, 

Latest Thinking, 

How Does Common Ownership Affect Corporate Conduct?, 

https://doi.org/10.21036/LTPUB101128, 

Credits:

© Yuliyan Mitkov 

and Latest Thinking

This work is licensed under CC-BY 4.0