Kirchmaier, Thomas 
ORCID: 0000-0002-8938-2206 and Grant, Jeremy
(2004)
Who governs?: corporate ownership and control structures in Europe.
SSRN working paper, 555877.
Social Science Research Network.
Abstract
Based on a unique and consistent dataset of firm ownership in Europe, we set out to systematically catalogue and categorise owners of European equities by type (i.e. family, institutional etc.), and show the importance of ownership coalitions to achieving control. We also highlight the increasing importance of institutional investors and conversely, their weakness in relation to prevailing ownership structures. Their influence is clearly limited where a single shareholder has legal control, and also where ownership coalitions rule. The legal ownership category accounts for over 50% of the top 100 public companies in the Continental European economies examined.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Official URL: | http://www.ssrn.com |
| Additional Information: | © 2004 The Authors |
| Divisions: | Financial Markets Group Management |
| Subjects: | H Social Sciences > HG Finance |
| JEL classification: | G - Financial Economics > G3 - Corporate Finance and Governance > G32 - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure G - Financial Economics > G3 - Corporate Finance and Governance > G34 - Mergers; Acquisitions; Restructuring; Corporate Governance |
| Date Deposited: | 27 Nov 2008 11:01 |
| Last Modified: | 01 Apr 2024 07:56 |
| URI: | http://eprints.lse.ac.uk/id/eprint/13325 |
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