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

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...

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Main Author: Bresolini Eibenstein, P.
Format: Dissertation (University of Nottingham only)
Language:English
Published: 2016
Subjects:
Online Access:https://eprints.nottingham.ac.uk/36930/
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author Bresolini Eibenstein, P.
author_facet Bresolini Eibenstein, P.
author_sort Bresolini Eibenstein, P.
building Nottingham Research Data Repository
collection Online Access
description 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.
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spelling nottingham-369302017-10-19T17:09:41Z https://eprints.nottingham.ac.uk/36930/ The ownership structure of European blue chips: is there a convergence in corporate ownership? Bresolini Eibenstein, P. 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. 2016-09-15 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/36930/1/Bresolini%20P.%20Dissertation.pdf Bresolini Eibenstein, P. (2016) The ownership structure of European blue chips: is there a convergence in corporate ownership? [Dissertation (University of Nottingham only)] Ownership; Corporate ownership; Corporate governance; Convergence corporate governance; Corporate governance systems; Shareholders; Blue chips
spellingShingle Ownership; Corporate ownership; Corporate governance; Convergence corporate governance; Corporate governance systems; Shareholders; Blue chips
Bresolini Eibenstein, P.
The ownership structure of European blue chips: is there a convergence in corporate ownership?
title The ownership structure of European blue chips: is there a convergence in corporate ownership?
title_full The ownership structure of European blue chips: is there a convergence in corporate ownership?
title_fullStr The ownership structure of European blue chips: is there a convergence in corporate ownership?
title_full_unstemmed The ownership structure of European blue chips: is there a convergence in corporate ownership?
title_short The ownership structure of European blue chips: is there a convergence in corporate ownership?
title_sort ownership structure of european blue chips: is there a convergence in corporate ownership?
topic Ownership; Corporate ownership; Corporate governance; Convergence corporate governance; Corporate governance systems; Shareholders; Blue chips
url https://eprints.nottingham.ac.uk/36930/