Industry and Ownership Structure

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    Abstrakt

    The paper examines the relationship between main industry and corporate ownership structures using a unique database covering the 100 largest companies in each of 12 European countries. The predictive power of economic ownership theory is tested and generally supported. We find evidence that industry affiliation has a significant effect on ownership structure after controlling for national differences. The industry effect is found to be related to differences in firm size, industry growth, earnings volatility, capital, and research intensity.
    OriginalsprogEngelsk
    TidsskriftInternational Review of Law and Economics
    Vol/bind18
    Udgave nummer4
    Sider (fra-til)385-402
    Antal sider18
    ISSN0144-8188
    DOI
    StatusUdgivet - 1998

    Emneord

    • Ejerstruktur

    Citationsformater