The effect of ownership concentration on management behavior in Belgian banks: a case study

Double Degree. A Work Project, presented as part of the requirements for the Award of a Master’s Degree in Finance from NOVA – School of Business and Economics and a Masters Degree in Management from Louvain School of Management ; This thesis identifies two completely different ownership structures in Belgian banks: on one side, there is the concentrated ownership structure with a number of reference shareholders, while on the other side, the ownership is really dispersed and no shareholder has a significantly large stake and ability to influence management’s decisions. Dexia and KBC followed... Mehr ...