European Patterns of Corporate Ownership: A Twelve-Country Study

20 Pages Posted: 18 Apr 2011

See all articles by Steen Thomsen

Steen Thomsen

Copenhagen Business School; European Corporate Governance Institute (ECGI)

Date Written: December 1997


A number of qualitative studies have shown striking international differences in corporate governance systems. This paper presents a quantitative analysis of ownership structures among the hundred largest companies in twelve European countries. The existence of a highly significant nation effect is confirmed. Further statistical analysis indicates that the nation effect is party explained by institutional differences.Journal of International Business Studies (1997) 28, 759–778; doi:10.1057/palgrave.jibs.8490118

Suggested Citation

Thomsen, Steen, European Patterns of Corporate Ownership: A Twelve-Country Study (December 1997). Journal of International Business Studies, Vol. 28, Issue 4, pp. 759-778, 1997, Available at SSRN: or

Steen Thomsen

Copenhagen Business School ( email )

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European Corporate Governance Institute (ECGI) ( email )

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