Enterprise Foundations: Law, Taxation, Governance, and Performance

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Enterprise foundations are foundations, which own companies. While this structure is little known outside Northern Europe, a number of leading global companies such as Robert Bosch, Rolex, Carlsberg, Hershey, Ikea, the Wallenberg sphere or the Tata Group are ultimately owned by foundations. Aside from their economic significance, enterprise foundations have interesting governance characteristics including long-term ownership, the absence of a personal profit motive and the combination of business and philanthropy. Recently, they have attracted attention as a safeguard for a company purpose. In this monograph, we review the limited, but growing literature on the topic focusing on law, taxation, governance, and performance. We conclude by considering policy implications and avenues for research.
Original languageEnglish
Place of PublicationDelft
PublisherNow Publishers Inc.
Number of pages107
ISBN (Print)9781680839425
ISBN (Electronic)9781680839432
Publication statusPublished - 2022
SeriesAnnals of Corporate Governance


  • Enterprise foundations
  • Economic performance
  • Law
  • Sustainability
  • Corporate governance

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