Industrial Foundations in the Danish Economy

    Research output: Working paperResearch

    Abstract

    Industrial Foundations (foundations that own business companies) are found around the world e.g in Northern Europe, Germany, the US and India, but nowhere do they appear to be as economically important as in Denmark. In this paper we review their share of the Danish economy. We find that foundation-owned companies account for 5-10% of the Danish economy depending on measurement. However, they constitute the bulk of Danish stock market capitalization and R&D expenditure, and they also contribute disproportionally to international business activity. Finally the industrial foundations make charitable donations of approximately 0.5% of Danish GDP, primarily to research.
    Original languageEnglish
    Place of PublicationFrederiksberg
    PublisherCenter for Corporate Governance. Department of International Economics and Management. Copenhagen Business School
    Number of pages25
    Publication statusPublished - 19 Feb 2013

    Cite this

    Thomsen, S. (2013). Industrial Foundations in the Danish Economy. Frederiksberg: Center for Corporate Governance. Department of International Economics and Management. Copenhagen Business School.
    Thomsen, Steen. / Industrial Foundations in the Danish Economy. Frederiksberg : Center for Corporate Governance. Department of International Economics and Management. Copenhagen Business School, 2013.
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    abstract = "Industrial Foundations (foundations that own business companies) are found around the world e.g in Northern Europe, Germany, the US and India, but nowhere do they appear to be as economically important as in Denmark. In this paper we review their share of the Danish economy. We find that foundation-owned companies account for 5-10{\%} of the Danish economy depending on measurement. However, they constitute the bulk of Danish stock market capitalization and R&D expenditure, and they also contribute disproportionally to international business activity. Finally the industrial foundations make charitable donations of approximately 0.5{\%} of Danish GDP, primarily to research.",
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    Thomsen, S 2013 'Industrial Foundations in the Danish Economy' Center for Corporate Governance. Department of International Economics and Management. Copenhagen Business School, Frederiksberg.

    Industrial Foundations in the Danish Economy. / Thomsen, Steen.

    Frederiksberg : Center for Corporate Governance. Department of International Economics and Management. Copenhagen Business School, 2013.

    Research output: Working paperResearch

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    Thomsen S. Industrial Foundations in the Danish Economy. Frederiksberg: Center for Corporate Governance. Department of International Economics and Management. Copenhagen Business School. 2013 Feb 19.