Ownership structure and economic performance of European corporations

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Ownership structure and economic performance of European corporations

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dc.contributor.author Junge, Martin en_US
dc.contributor.author Meisner Nielsen, Kasper en_US
dc.contributor.author Torp Jespersen, Svend en_US
dc.contributor.author Kragh Jacobsen, Jesper en_US
dc.contributor.author Bennedsen, Morten en_US
dc.date.accessioned 2009-02-04T10:27:32Z
dc.date.available 2009-02-04T10:27:32Z
dc.date.issued 2007-12-12T00:00:00Z en_US
dc.identifier.uri http://hdl.handle.net/10398/7491
dc.description.abstract Firms in the European countries today have the possibility of choosing from a range of control enhancing mechanisms giving the controlling owners an amount of influence which is disproportional to their share of cash flow. The list of control enhancing mechanisms includes dual class shares, pyramidal ownership structures and several others. The justification for these control enhancing mechanisms is currently the subject of much debate within the European Union. The opposing positions in the debate can be stated briefly as i) the control enhancing mechanisms are an impediment to takeovers and should therefore be removed to improve the market for corporate control. ii) Removing the control enhancing mechanisms reduces the contractual freedom to decide desirable ownership structures. This report investigates whether ownership structures affect firm performance. To do so this study provides a description of the current ownership structures in European countries and the economic outcomes for firms using different ownership structures. The results are presented in the tables below. en_US
dc.format.extent 50 s. en_US
dc.language eng en_US
dc.relation.ispartofseries Report;2007-03 en_US
dc.title Ownership structure and economic performance of European corporations en_US
dc.type wp en_US
dc.accessionstatus modt07dec12 nijemo en_US
dc.contributor.corporation Copenhagen Business School. CBS en_US
dc.contributor.department Centre for Economic and Business Research en_US
dc.contributor.departmentshort CEBR en_US
dc.contributor.departmentuk Centre for Economic and Business Research en_US
dc.contributor.departmentukshort CEBR en_US
dc.idnumber x656555970 en_US
dc.publisher.city København en_US
dc.publisher.year 2007 en_US


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