Private versus Public Ownership: Investment, Ownership Distribution, and Optimality

Keyphrases

• Public-private 100%
• Ownership Distribution 100%
• Public Ownership 100%
• Risk-averse 50%
• Entrepreneurs 50%
• Information Structure 50%
• Idiosyncratic Risk 50%
• Expected Returns 50%
• Return Distribution 50%
• Asset Returns 50%
• Capital Markets 50%
• Firm Investment 50%
• Investment Policy 50%
• Asset Owners 50%

Economics, Econometrics and Finance

• Ownership 100%
• Finance 33%
• Capital Market Returns 33%
• Investment Policy 33%