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The Separation of Ownership and Control in American Industry

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  • Gardiner C. Means

Abstract

Introduction. The concept "control." — Types of control; complete ownership, 72; majority control, 73; legal device, 74; minority control, 81; and management control, 83. — Separation of ownership and control among the 200 largest American corporations; basis of classification and extent of separation, 89. — Conclusion, 95. — Tables showing types of control, 98.

Suggested Citation

  • Gardiner C. Means, 1931. "The Separation of Ownership and Control in American Industry," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 46(1), pages 68-100.
    • Handle: RePEc:oup:qjecon:v:46:y:1931:i:1:p:68-100.
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    File URL: http://hdl.handle.net/10.2307/1883922
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    Cited by:

    1. Armando Rungi & Gregory Morrison & Fabio Pammolli, 2017. "Global ownership and corporate control networks," Working Papers 07/2017, IMT School for Advanced Studies Lucca, revised Sep 2017.
    2. Marco Becht & Andrea Polo & Stefano Rossi, 2016. "Does Mandatory Shareholder Voting Prevent Bad Acquisitions?," The Review of Financial Studies, Society for Financial Studies, vol. 29(11), pages 3035-3067.
    3. Yafeh, Yishay & Kandel, Eugene & ,, 2013. "The Great Pyramids of America: A Revised History of US Business Groups, Corporate Ownership and Regulation, 1930-1950," CEPR Discussion Papers 9759, C.E.P.R. Discussion Papers.
    4. James A. Brander & Edward J. Egan & Sophie Endl, 2021. "Comparing CEO Compensation Effects of Public and Private Acquisitions," JRFM, MDPI, vol. 14(4), pages 1-19, April.
    5. Alexandre Chirat, 2021. "When Berle and Galbraith brought political economy back to life : Study of a cross-fertilization (1933-1967)," EconomiX Working Papers 2021-27, University of Paris Nanterre, EconomiX.
    6. Geoffrey M. Hodgson, 2012. "Veblen, Commons and the Theory of the Firm," Chapters, in: Michael Dietrich & Jackie Krafft (ed.), Handbook on the Economics and Theory of the Firm, chapter 5, Edward Elgar Publishing.
    7. Cortes, Gustavo S. & Taylor, Bryan & Weidenmier, Marc D., 2022. "Financial factors and the propagation of the Great Depression," Journal of Financial Economics, Elsevier, vol. 145(2), pages 577-594.

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