Organised by the Governance and Regulation Chair

Mardi 12 février 2019
12h15 - 13h30
Université Paris-Dauphine, Salle C108 (1er étage)


Milo Bianchi

"Agency Costs and Firm Productivity" 

This project exploits matched Finnish Longitudinal Owner-Employer-Employee data in order to study issues of separation between ownership and control. We are interested in investigating how firms’ output (say, total factor productivity) reacts to changes in the ownership and control structure of the firm, and in particular in instances in which ownership and control of the firm end up being in the same hands. Provided suitable identification strategies are employed, looking at how the productivity of the firm respond to these changes can shed light on the cost of separation between ownership and control, which lies at the heart of much of the corporate finance literature.


Please note that lunch will be provided upon registration only.

Veuillez noter que le repas ne sera fourni qu'aux inscrits.