The Rise and Fall of the Widely Held Firm - a History of Corporate Ownership in Canada
54 Pages Posted: 23 Aug 2004 Last revised: 30 Jan 2013
Date Written: July 2004
A panel of corporate ownership data, stretching back to 1902, shows that the Canadian corporate sector began the century with a predominance of large pyramidal corporate groups controlled by wealthy families or individuals. By mid-century, widely held firms predominated. But, from the 1970s on, pyramidal groups controlled by wealthy families and individuals resurge, restoring a situation similar to that a century earlier. Institutional factors underlying this resurgence are shown to have antecedents deep in the country's colonial past.
Suggested Citation: Suggested Citation