Data and Code for: Common Ownership and Entrepreneurship

Principal Investigator(s): View help for Principal Investigator(s) Jillian Grennan, Fuqua School of Business, Duke University; Ofer Eldar, Duke University

Version: View help for Version V1

Name	File Type	Size	Last Modified
Data Management			01/08/2021 01:51:PM
Raw Data			01/08/2021 01:51:PM
README Common Ownership and Entrepreneurship.pdf	application/pdf	141 KB	04/15/2021 07:53:AM

Project Citation:

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

Project Description

Summary: 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.

Scope of Project

Subject Terms: Entrepreneurship; Startups; Private Firms; Corporate Governance; Common Ownership; Competition; Innovation; Entry

JEL Classification:
      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

Geographic Coverage: United States

Time Period(s): 1995 – 2012

Data Type(s): program source code

Collection Notes: For those with access to Preqin, we provide a crosswalk between Preqin's definition of industry and the Standard Industrial Classification (SIC).

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Published Versions

V1 [2021-07-13]

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