Block investments and the race for corporate control in Belgium
This paper investigates the common patterns of ownership structure across different corporate governance systems. We test the predictions of Zwiebel (1995) using ownership data of Belgian listed companies in 1995 and in 1999. Results show good applicability of the model. This empirical research relates to other contributions performing tests for Hungary, Poland, and Spain. Next the model and its limitations are discussed. The paper opens promising fields for research in ownership structure modeling adapted to corporate governance systems of Continental and Eastern Europe. ; info:eu-repo/semant... Mehr ...
| Verfasser: | |
|---|---|
| Dokumenttyp: | workingPaper |
| Erscheinungsdatum: | 2004 |
| Verlag/Hrsg.: |
Université Libre de Bruxelles
Solvay Business School Centre Emile Bernheim (CEB) |
| Schlagwörter: | Economie / Financing Policy / Financial Risk and Risk Management / Capital and Ownership Structure / G32 / Mergers / Acquisitions / Restructuring / Voting / Proxy Contests / Corporate Governance / G34 / block investment / corporate control / ownership and control |
| Sprache: | Englisch |
| Permalink: | https://search.fid-benelux.de/Record/base-27379313 |
| Datenquelle: | BASE; Originalkatalog |
| Powered By: | BASE |
| Link(s) : | http://hdl.handle.net/2013/ULB-DIPOT:oai:dipot.ulb.ac.be:2013/9997 |
This paper investigates the common patterns of ownership structure across different corporate governance systems. We test the predictions of Zwiebel (1995) using ownership data of Belgian listed companies in 1995 and in 1999. Results show good applicability of the model. This empirical research relates to other contributions performing tests for Hungary, Poland, and Spain. Next the model and its limitations are discussed. The paper opens promising fields for research in ownership structure modeling adapted to corporate governance systems of Continental and Eastern Europe. ; info:eu-repo/semantics/published