European Patterns of Corporate Ownership: A Twelve-Country Study

Torben Pedersen and Steen Thomsen
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Torben Pedersen: Copenhagen Business School
Steen Thomsen: Copenhagen Business School

Journal of International Business Studies, 1997, vol. 28, issue 4, 759-778

Abstract: A number of qualitative studies have shown striking international differences in corporate governance systems. This paper presents a quantitative analysis of ownership structures among the hundred largest companies in twelve European countries. The existence of a highly significant nation effect is confirmed. Further statistical analysis indicates that the nation effect is party explained by institutional differences.© 1997 JIBS. Journal of International Business Studies (1997) 28, 759–778

Date: 1997
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