Ownership as a concept is defined as a set of rights and obligations related to assets, including the user rights, the profit rights, the control rights, and the disposal rights. Many modern corporations, notably publicly limited companies, are characterized by the presence of multiple owner types, giving rise to diverse ownership structures. A key element of these ownership structures is owners’ identity, that is, who are the owners. Based on their preferences and objectives, the literature identifies several important owner groups such as individual (small) investors, institutional investors (further divided into financial and non-financial investors), corporate investors, managers, families, the government, and foreign investors.