Enterprise structure and corporate concentration : a technical report / by Stephen D. Berkowitz, Yehuda Kotowitz, Leonard Waverman, with Bruce Becker, Randy Bradford, Peter Carrington, June Corman, Gregory... : Z1-1975/1-41-17E-PDF

"This project had a threefold purpose. First we attempted to rigorously define an enterprise as one or more companies which operate under common control. We investigated alternative definitions of what constitutes control. These definitions involved either majority ownership of the voting stock of a corporation (more than 50%) or some combination of ownership of the voting stock (15% or 25%) combined with three or more directors (and/or officers) or executive board members in common. Including minority ownership under a definition of control recognizes the possibility of pyramiding: owning a small but controlling interest in a single holding company, which in turn controls other firms. Secondly, we examine and attempt to explain the degree of pyramiding in the Canadian economy in 1972. Finally, having defined enterprises, our next objective was to measure the change in concentration between a base case (more than 50%) and four alternative enterprise measurements"--Overview, page 1.

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