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Showing posts from November, 2023

Measuring the Ownership and Control of UK Listed Firms: Some Methodological Challenges

The ownership and control of listed UK firms is often thought to be much simpler than the ownership and control of listed firms from most of the rest of the world, including Continental Europe. However, a study I coauthored with Svetlana Mira shows that this is not always the case. For example, the distinction between beneficial and non-beneficial holdings can introduce duplication in the holdings of insiders, which may be difficult to resolve. In a study forthcoming in The British Accounting Review, we highlight a number of challenges that researchers face when determining the ownership and control of listed UK firms. We propose ways of tackling these challenges. We expect these challenges to become more pronounced over the next years due to the recent changes to the UK listing rules following the Hill review. The study is available free of charge from here .