Roundtable: April 6, 2018 Reading Materials

  1. Anton, Miguel and Ederer, Florian and Gine, Mireia and Schmalz, Martin C., Common Ownership, Competition, and Top Management Incentives (February 2018). Ross School of Business Paper No. 1328; European Corporate Governance Institute (ECGI) - Finance Working Paper No. 511/2017. Available at SSRN: or

  2. Azar, José and Schmalz, Martin C. and Tecu, Isabel, Anti-Competitive Effects of Common Ownership (March 15, 2017). Journal of Finance, Forthcoming. Available at SSRN: or 

  3. BlackRock Viewpoint, Index Investing and Common Ownership Theories (Mar. 2017)

  4. BlackRock Viewpoint​, Index Investing Supports Vibrant Capital Markets (Oct. 2017) 

  5. Dennis, Patrick J. and Gerardi, Kristopher and Schenone, Carola, Common Ownership Does Not Have Anti-Competitive Effects in the Airline Industry (February 5, 2018). Available at SSRN: or

  6. Kennedy, Pauline and O’Brien, Daniel P. and Song, Minjae and Waehrer, Keith, The Competitive Effects of Common Ownership: Economic Foundations and Empirical Evidence (July 24, 2017). Available at SSRN:

  7. Novick, Barbara, Vice Chairman of BlackRock, Inc., Remarks at OECD Discussion on Common Ownership by Institutional Investors, Dec. 6, 2017.

  8. Rock, Edward B. and Rubinfeld, Daniel L., Antitrust for Institutional Investors (July 2017). NYU Law and Economics Research Paper No. 17-23; UC Berkeley Public Law Research Paper. Available at SSRN: or

  9. Schmalz, Martin C., Common-Ownership Concentration and Corporate Conduct (November 26, 2017). Annual Review of Financial Economics, Vol. 10, December 2018. Available at SSRN: