Episode 66: Martin Schmalz on Common Ownership and Firm Behaviour

The paper discussed in this episode is ‘‘Common Ownership, Competition, and Top Management Incentives (journals.uchicago.edu/doi/10.1086/722414)”, by Miguel Antón (blog.iese.edu/anton), Florian Ederer (florianederer.github.io), Mireia Giné (mireiagine.com), and Martin Schmalz (sites.google.com/site/martincschmalz). This paper was published in the Journal of Political Economy in 2023.
Some of the data used in this paper, particularly that relating to Firm-pair profit weights for S&P 500 firms and Corporate Ownership of S&P 500 firms are available at corporateownershipdata.com.