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Ownership duration grouped by fraction held

Table 4.6 Ownership duration by owner rank across duration denitions; shown sample by sample Sample (1)

4.2.2 Ownership duration grouped by fraction held

Table 4.13 Summarizing ownership duration grouped by ownership fraction. Sample (1) Duration: Maintain Stake

Owner rank

Ownership fraction 1 2 3 4 5 10

0-10% 2.5 3.5 4.3 4.5 3.8 3.6

Ownership fraction 1 2 3 4 5 10

0-10% 2.5 2.6 2.7 2.5 2.2 1.7

Ownership fraction 1 2 3 4 5 10

0-10% 2.5 3.3 4.4 4.2 4.0 4.1

Duration: Stay among 5 Largest

Owner rank

Ownership fraction 1 2 3 4 5 10

0-10% 4.9 5.1 5.6 4.8 4.0 1.6

The table shows holding-size related ownership duration properties for equity investors with ranks 1-5 and 10 in the rm. We rst nd all owners of a given rank, and then split these owners by their ownership fraction, which is the percentage of the rm's outstanding equity held by the investor. The sample of Oslo Stock Exchange rms and investors in 19891999 underlying (1)(4) are (1): (Surviving Firms; Longest Duration Owners) (2): (Surviving Firms; All Owners), (3): (All Firms; Longest Duration Owners), and (4): (All Firms; All Owners).

Table 4.14 Summarizing ownership duration grouped by ownership fraction. Sample (2) Duration: Maintain Stake

Owner rank

Ownership fraction 1 2 3 4 5 10

0-10% 1.7 1.9 2.0 1.9 1.8 1.6

Ownership fraction 1 2 3 4 5 10

0-10% 1.8 1.5 1.4 1.3 1.2 1.1

Ownership fraction 1 2 3 4 5 10

0-10% 1.8 1.8 2.0 1.9 1.7 1.7

Duration: Stay among 5 Largest

Owner rank

Ownership fraction 1 2 3 4 5 10

0-10% 3.3 2.7 2.6 2.2 1.7 1.1

The table shows holding-size related ownership duration properties for equity investors with ranks 1-5 and 10 in the rm. We rst nd all owners of a given rank, and then split these owners by their ownership fraction, which is the percentage of the rm's outstanding equity held by the investor. The sample of Oslo Stock Exchange rms and investors in 19891999 underlying (1)(4) are (1): (Surviving Firms; Longest Duration Owners) (2): (Surviving Firms; All Owners), (3): (All Firms; Longest Duration Owners), and (4): (All Firms; All Owners).

Table 4.15 Summarizing ownership duration grouped by ownership fraction. Sample (3) Duration: Maintain Stake

Owner rank

Ownership fraction 1 2 3 4 5 10

0-10% 2.0 2.3 2.4 2.6 2.4 2.2

Ownership fraction 1 2 3 4 5 10

0-10% 2.0 1.9 1.8 1.7 1.6 1.3

Ownership fraction 1 2 3 4 5 10

0-10% 2.0 2.3 2.5 2.6 2.5 2.4

Duration: Stay among 5 Largest

Owner rank

Ownership fraction 1 2 3 4 5 10

0-10% 3.2 3.0 3.0 2.9 2.5 1.3

The table shows holding-size related ownership duration properties for equity investors with ranks 1-5 and 10 in the rm. We rst nd all owners of a given rank, and then split these owners by their ownership fraction, which is the percentage of the rm's

Table 4.16 Summarizing ownership duration grouped by ownership fraction. Sample (4) Duration: Maintain Stake

Owner rank

Ownership fraction 1 2 3 4 5 10

0-10% 1.6 1.6 1.6 1.6 1.6 1.4

Ownership fraction 1 2 3 4 5 10

0-10% 1.6 1.4 1.3 1.2 1.2 1.1

Ownership fraction 1 2 3 4 5 10

0-10% 1.6 1.6 1.6 1.6 1.5 1.5

Duration: Stay among 5 Largest

Owner rank

Ownership fraction 1 2 3 4 5 10

0-10% 2.5 2.2 2.0 1.8 1.5 1.1

The table shows holding-size related ownership duration properties for equity investors with ranks 1-5 and 10 in the rm. We rst nd all owners of a given rank, and then split these owners by their ownership fraction, which is the percentage of the rm's outstanding equity held by the investor. The sample of Oslo Stock Exchange rms and investors in 19891999 underlying (1)(4) are (1): (Surviving Firms; Longest Duration Owners) (2): (Surviving Firms; All Owners), (3): (All Firms; Longest Duration Owners), and (4): (All Firms; All Owners).

Table 4.17 Detailing ownership duration split by ownership fraction. Duration: Maintain Stake. Sam-ples (1) and (2).

Sample (1)

Owner Rank Ownership fraction mean (std) min med max n

1 0-10% 2.5 (2.0) 1 2 8 30

Owner Rank Ownership fraction mean (std) min med max n

1 0-10% 1.7 (1.5) 1 1 8 76

The table shows holding-size related ownership duration properties for equity investors with ranks 1-5 and 10 in the rm. We rst nd all owners of a given rank, and then split these owners by their ownership fraction, which is the percentage of the rm's outstanding equity held by the investor. The sample of Oslo Stock Exchange rms and investors in 19891999 underlying (1)(4) are (1): (Surviving Firms; Longest Duration Owners) (2): (Surviving Firms; All Owners), (3): (All Firms; Longest Duration

Table 4.18 Detailing ownership duration split by ownership fraction. Duration: Maintain Stake. Sam-ples (3) and (4).

Sample (3)

Owner Rank Ownership fraction mean (std) min med max n

1 0-10% 2.0 (1.4) 1 1 8 92

Owner Rank Ownership fraction mean (std) min med max n

1 0-10% 1.6 (1.1) 1 1 8 187

The table shows holding-size related ownership duration properties for equity investors with ranks 1-5 and 10 in the rm. We rst nd all owners of a given rank, and then split these owners by their ownership fraction, which is the percentage of the rm's outstanding equity held by the investor. The sample of Oslo Stock Exchange rms and investors in 19891999 underlying (1)(4) are (1): (Surviving Firms; Longest Duration Owners) (2): (Surviving Firms; All Owners), (3): (All Firms; Longest Duration Owners), and (4): (All Firms; All Owners).

Table 4.19 Detailing ownership duration split by ownership fraction. Duration: Keep Same Rank.

Samples (1) and (2).

Sample (1)

Owner Rank Ownership fraction mean (std) min med max n

1 0-10% 2.5 (1.7) 1 2 8 30

Owner Rank Ownership fraction mean (std) min med max n

1 0-10% 1.8 (1.3) 1 1 8 76

The table shows holding-size related ownership duration properties for equity investors with ranks 1-5 and 10 in the rm. We rst nd all owners of a given rank, and then split these owners by their ownership fraction, which is the percentage of the rm's outstanding equity held by the investor. The sample of Oslo Stock Exchange rms and investors in 19891999 underlying (1)(4) are (1): (Surviving Firms; Longest Duration Owners) (2): (Surviving Firms; All Owners), (3): (All Firms; Longest Duration

Table 4.20 Detailing ownership duration split by ownership fraction. Duration: Keep Same Rank.

Samples (3) and (4).

Sample (3)

Owner Rank Ownership fraction mean (std) min med max n

1 0-10% 2.0 (1.3) 1 2 8 92

Owner Rank Ownership fraction mean (std) min med max n

1 0-10% 1.6 (1.1) 1 1 8 187

The table shows holding-size related ownership duration properties for equity investors with ranks 1-5 and 10 in the rm. We rst nd all owners of a given rank, and then split these owners by their ownership fraction, which is the percentage of the rm's outstanding equity held by the investor. The sample of Oslo Stock Exchange rms and investors in 19891999 underlying (1)(4) are (1): (Surviving Firms; Longest Duration Owners) (2): (Surviving Firms; All Owners), (3): (All Firms; Longest Duration Owners), and (4): (All Firms; All Owners).

Table 4.21 Detailing ownership duration split by ownership fraction. Duration: Maintain Rank. Sam-ples (1) and (2).

Sample (1)

Owner Rank Ownership fraction mean (std) min med max n

1 0-10% 2.5 (1.7) 1 2 8 30

Owner Rank Ownership fraction mean (std) min med max n

1 0-10% 1.8 (1.3) 1 1 8 76

The table shows holding-size related ownership duration properties for equity investors with ranks 1-5 and 10 in the rm. We rst nd all owners of a given rank, and then split these owners by their ownership fraction, which is the percentage of the rm's outstanding equity held by the investor. The sample of Oslo Stock Exchange rms and investors in 19891999 underlying (1)(4) are (1): (Surviving Firms; Longest Duration Owners) (2): (Surviving Firms; All Owners), (3): (All Firms; Longest Duration

Table 4.22 Detailing ownership duration split by ownership fraction. Duration: Maintain Rank. Sam-ples (3) and (4).

Sample (3)

Owner Rank Ownership fraction mean (std) min med max n

1 0-10% 2.0 (1.3) 1 2 8 92

Owner Rank Ownership fraction mean (std) min med max n

1 0-10% 1.6 (1.1) 1 1 8 187

The table shows holding-size related ownership duration properties for equity investors with ranks 1-5 and 10 in the rm. We rst nd all owners of a given rank, and then split these owners by their ownership fraction, which is the percentage of the rm's outstanding equity held by the investor. The sample of Oslo Stock Exchange rms and investors in 19891999 underlying (1)(4) are (1): (Surviving Firms; Longest Duration Owners) (2): (Surviving Firms; All Owners), (3): (All Firms; Longest Duration Owners), and (4): (All Firms; All Owners).

Table 4.23 Detailing ownership duration split by ownership fraction. Duration: Stay among 5 Largest.

Samples (1) and (2).

Sample (1)

Owner Rank Ownership fraction mean (std) min med max n

1 0-10% 4.9 (2.8) 1 4 11 30

Owner Rank Ownership fraction mean (std) min med max n

1 0-10% 3.3 (2.5) 1 3 11 76

The table shows holding-size related ownership duration properties for equity investors with ranks 1-5 and 10 in the rm. We rst nd all owners of a given rank, and then split these owners by their ownership fraction, which is the percentage of the rm's outstanding equity held by the investor. The sample of Oslo Stock Exchange rms and investors in 19891999 underlying (1)(4) are (1): (Surviving Firms; Longest Duration Owners) (2): (Surviving Firms; All Owners), (3): (All Firms; Longest Duration

Table 4.24 Detailing ownership duration split by ownership fraction. Duration: Stay among 5 Largest.

Samples (3) and (4).

Sample (3)

Owner Rank Ownership fraction mean (std) min med max n

1 0-10% 3.2 (2.2) 1 3 11 92

Owner Rank Ownership fraction mean (std) min med max n

1 0-10% 2.5 (1.9) 1 2 11 187

The table shows holding-size related ownership duration properties for equity investors with ranks 1-5 and 10 in the rm. We rst nd all owners of a given rank, and then split these owners by their ownership fraction, which is the percentage of the rm's outstanding equity held by the investor. The sample of Oslo Stock Exchange rms and investors in 19891999 underlying (1)(4) are (1): (Surviving Firms; Longest Duration Owners) (2): (Surviving Firms; All Owners), (3): (All Firms; Longest Duration Owners), and (4): (All Firms; All Owners).