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 | ||
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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:
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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:
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Entrepreneurship;
Startups;
Private Firms;
Corporate Governance;
Common Ownership;
Competition;
Innovation;
Entry
JEL Classification:
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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
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:
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United States
Time Period(s):
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1995 – 2012
Data Type(s):
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program source code
Collection Notes:
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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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