𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Company Law and the Myth of Shareholder Ownership

✍ Scribed by Paddy Ireland


Book ID
108561473
Publisher
John Wiley and Sons
Year
1999
Tongue
English
Weight
133 KB
Volume
62
Category
Article
ISSN
0026-7961

No coin nor oath required. For personal study only.


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The paper examines the impact of ownership structure on company economic performance in 435 of the largest European companies. Controlling for industry, capital structure and nation effects we find a positive effect of ownership concentration on shareholder value (market-tobook value of equity) and