Concentrated share ownership by sophisticated investors is the single most important driver of good corporate governance: an owner with a 10-20% stake (or two-three owners who can coordinate over dinner) will monitor and can oust management, whereas the dispersed ownership US bank regulation enforces leaves management undisciplined.

causalpending

Speaker

Charles Calomiris

Evidence Quote

if somebody has 10 or 20 percent ownership stake of a firm they're gonna make sure that that management's doing things right

Source

Charles Calomiris on the Financial Crisis 10/26/2009EconTalk
Created: 6/15/2026, 9:20:15 AM

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