Determinants of shareholders' short-term pressures: empirical evidence from Dutch companies

Tom Groot

The European Journal of Finance, 1998, vol. 4, issue 3, 212-232

Abstract: It is often argued that Anglo-Saxon corporate governance systems place more emphasis on short-term results than do corporate governance systems in continental European countries, such as Germany and the Netherlands. Empirical evidence on this is scarce and often contradictory. This paper examines differences in the perception of shareholders' short-term orientation by the financial managers of UK and Dutch listed firms. These differences turn out not to be as large as expected. Moreover, differences in short-term pressures to perform also appear to exist between the firms in the Dutch sample. This study attempts to identify factors that may cause differences in short-term orientation among Dutch financial managers. Two of the factors identiied are the existence of a trust office and the risk profile of the firm.

Keywords: Corporate Governance Short-TERMISM Corporate Control Shareholder Management (search for similar items in EconPapers)
Date: 1998
References: View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.tandfonline.com/doi/abs/10.1080/135184798337272 (text/html)
Access to full text is restricted to subscribers.

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: https://EconPapers.repec.org/RePEc:taf:eurjfi:v:4:y:1998:i:3:p:212-232

Ordering information: This journal article can be ordered from
http://www.tandfonline.com/pricing/journal/REJF20

DOI: 10.1080/135184798337272

Access Statistics for this article

The European Journal of Finance is currently edited by Chris Adcock

More articles in The European Journal of Finance from Taylor & Francis Journals
Bibliographic data for series maintained by Chris Longhurst ().