A Rent-Protection Theory of Corporate Ownership and Control

This paper develops a rent-protection theory of corporate ownership structure - and in particular, of the choice between concentrated and dispersed ownership of corporate shares and votes. The paper analyzes the decision of a company's initial owner whether to maintain a lock on control when the

本文提出了企业所有权结构的租金保护理论——具体而言，是关于企业股份与投票权的集中式与分散式所有权之间选择的理论。本文分析了公司初始所有者在（原文未完整）时是否维持控制权锁定的决策。