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The Dynamics of Big Business by Veronica Binda

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6    Big-Business Owners and Managers

6.1 CORPORATE OWNERSHIP AND GOVERNANCE AROUND THE WORLD

Understanding the features and the role of the different kinds of enterprise ownership was one of the main aims of several investigations conducted since when big business emerged in the United States.

Adolf Berle and Gardiner Means in the 1930s were among the first to claim that an irreversible fragmentation of ownership and a progressive separation of ownership from control had already occurred within the largest corporations of the United States (Berle and Means 1932; for a debate on Berle and Means see Hannah 2007; Cheffins and Bank 2009). Later on, many studies analyzed the features and ownership structures of the largest companies outside the ...

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