Blockholdings in Europe:: An international comparison

被引：102

作者：

Becht, M

Röell, A

机构：

[1] Free Univ Brussels, Solvay Sch Business, B-1050 Brussels, Belgium

[2] Princeton Univ, Dept Econ, Princeton, NJ 08544 USA

[3] ECARE, Brussels, Belgium

[4] Tilburg Univ, NL-5000 LE Tilburg, Netherlands

来源：

EUROPEAN ECONOMIC REVIEW | 1999年 / 43卷 / 4-6期

关键词：

block shareholdings in Europe; shareholder voting power; controlling shareholders; weak minority shareholders; corporate governance;

D O I：

10.1016/S0014-2921(98)00113-5

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We preview empirical work by the European Corporate Governance Network on the size of block shareholdings in Europe. The most salient finding is the extraordinarily high degree of concentration of shareholder voting power in Continental Europe relative to the U.S.A. and the U.K. Thus the relationship between large controlling shareholders and weak minority shareholders is at least as important to understand as the more commonly studied interface between management and dispersed shareholders. (C) 1999 Elsevier Science B.V. All rights reserved.

引用

页码：1049 / 1056

页数：8