Block Investments and the Race for Corporate Control in Belgium, Forthcoming in Corporate Ownership and Control

Ariane Chapelle ()

No 04-019.RS, Working Papers CEB from Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB)

Abstract: 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.

Keywords: block investment; corporate control; ownership and control (search for similar items in EconPapers)
JEL-codes: G32 G34 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fin
Date: 2004-06
View list of references

Downloads: (external link)
http://www.solvay.edu/EN/Research/Bernheim/documents/wp04019.pdf First version, 2004-06 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: http://EconPapers.repec.org/RePEc:sol:wpaper:04-019

Access Statistics for this paper

More papers in Working Papers CEB from Université Libre de Bruxelles, Solvay Brussels School of Economics and Management, Centre Emile Bernheim (CEB)
Contact information at EDIRC.
Series data maintained by CEB ().