The ownership structure of European blue chips: is there a convergence in corporate ownership?

Bresolini Eibenstein, P. (2016) The ownership structure of European blue chips: is there a convergence in corporate ownership? [Dissertation (University of Nottingham only)]

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Abstract

The two main models of corporate governance originated in the second part of the 20th century: the shareholder model, in the Anglo-Saxon world, and the stakeholder model, in Continental Europe. They are respectively mainly characterized by widespread and concentrated ownership and, consequently, by different agency problems. However, with the phenomenon of globalisation, the increased importance of financial markets and the international success of Anglo-American multinational firms, a debate has arisen as to whether there exists a convergence towards the shareholder oriented model. This research aims to explore this controversy by focusing the analysis on the ownership structure of the blue chip firms in the main stock indexes of Germany, France, Italy, Spain and the UK. The research concludes that a convergence in corporate governance structure towards the shareholder model seems to exist in almost all of those countries.

Item Type: Dissertation (University of Nottingham only)
Keywords: Ownership; Corporate ownership; Corporate governance; Convergence corporate governance; Corporate governance systems; Shareholders; Blue chips
Depositing User: Bresolini Eibenstein, Pierfrancesco
Date Deposited: 10 Mar 2017 10:00
Last Modified: 13 Mar 2017 12:12
URI: http://eprints.nottingham.ac.uk/id/eprint/36930

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