Does Ownership Structure Matter?

19 Pages Posted: 3 Jun 2017

See all articles by Sheridan Titman

Sheridan Titman

University of Texas at Austin - Department of Finance; National Bureau of Economic Research (NBER)

Date Written: June 2017


Capital assets are held in a variety of ownership structures that can be characterised by how they are taxed, whether or not their equity is publicly traded, and by the relationship between the ownership of the assets and the management of the assets. When taxes and regulations change, the popularity of the different ownership structures change. These changes in ownership structure can affect how the assets are managed, which can in turn influence innovation.

Keywords: corporations, master limited partnerships, real estate investment trusts, private equity, family businesses

Suggested Citation

Titman, Sheridan, Does Ownership Structure Matter? (June 2017). European Financial Management, Vol. 23, Issue 3, pp. 357-375, 2017. Available at SSRN: or

Sheridan Titman (Contact Author)

University of Texas at Austin - Department of Finance ( email )

Red McCombs School of Business
Austin, TX 78712
United States
512-232-2787 (Phone)
512-471-5073 (Fax)

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

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