In the U.S. and U.K. stock markets are characterized by ownership of firms concentrated in the hands of a few controlling shareholders. In contrast, the rest of the world tends to have more widespread ownership of shares.

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In the U.S. and U.K., stock markets are characterized by more widespread ownership of shares, with a large number of institutional and retail investors. In contrast, many other countries tend to have ownership concentrated in the hands of a few controlling shareholders or families.

In the US and U