Metadata record for Data and Code for: Common Ownership and Entrepreneurship
130462
Inter-university Consortium for Political and Social Research
ICPSR metadata records are licensed under a Creative Commons Attribution-Noncommercial 3.0 United States License.
V1
Data and Code for: Common Ownership and Entrepreneurship
130462
http://doi.org/10.3886/E130462V1
Jillian Grennan
Ofer Eldar
Please see full citation.
This work is licensed under a Creative Commons Attribution 4.0 International (CC BY 4.0) License.
Ann Arbor, MI: Inter-university Consortium for Political and Social Research
Grennan, Jillian, and Eldar, Ofer. Data and Code for: Common Ownership and Entrepreneurship. Nashville, TN: American Economic Association [publisher], 2021. Ann Arbor, MI: Inter-university Consortium for Political and Social Research [distributor], 2021-07-13. https://doi.org/10.3886/E130462V1
Entrepreneurship
Startups
Private Firms
Corporate Governance
Common Ownership
Competition
Innovation
Entry
G24 Investment Banking; Venture Capital; Brokerage; Ratings and Ratings Agencies
G32 Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
L11 Production, Pricing, and Market Structure; Size Distribution of Firms
L41 Monopolization; Horizontal Anticompetitive Practices
O31 Innovation and Invention: Processes and Incentives
This is data and code to accompany the article "Common Ownership and Entrepreneurship." In the article, we complement the literature on common ownership by presenting two new observations from entrepreneurial startups. First, given the increase in common ownership of startups by VC investors, inclusion of high-value startups in standard common ownership measures may actually increase aggregate measures of common ownership. Second, we suggest that even if public-firm common ownership leads to collusive inefficiency and higher prices in the short-term, it may also create opportunities for entry of innovative, high-growth startups. Consistent with this, we document that entrepreneurial activity and common ownership of startups tends to be higher in industries with higher common ownership among public firms.
United States
program source code