EJERSKABSSTRUKTURER OG KONTROL-ALLOKERING I UNOTEREDE DANSKE VIRKSOMHEDER

Morten Bennedsen and Kasper Nielsen
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Morten Bennedsen: Department of Economics, Copenhagen Business School, Postal: Department of Economics, Copenhagen Business School, Solbjerg Plads 3 C, 5. sal, DK-2000 Frederiksberg, Denmark
Kasper Nielsen: Department of Economics, Copenhagen Business School, Postal: Department of Economics, Copenhagen Business School, Solbjerg Plads 3 C, 5. sal, DK-2000 Frederiksberg, Denmark

No 04-2001, Working Papers from Copenhagen Business School, Department of Economics

Abstract: We analyse the relationship between the distribution of ownership and the allocation

of control in Danish closely held corporations. First, we investigate why firms have boards. Second,

we identify relationships between owners, boardmembers and CEOs in these firms. Third, we show

the presence of control dilution in firms with multiple owners. Finally, we discuss some

implications for Danish corporate law of our findings.

Keywords: Allocation of control; Denmark; closely held corporations; boardmembers; Corporate Law; Corporate governance (search for similar items in EconPapers)
JEL-codes: G30 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2001-05-15
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