Abstract
This paper reviews the key elements of the Nordic governance model, which include a distinct legal system, high governance ratings and low levels of corruption. Other characteristics include concentrated ownership, foundation ownership, semi two-tier board structures, employee representation and low-powered managerial
incentives. The Nordic countries have performed well in recent decades both in terms of economic growth, stock market development and social welfare.
incentives. The Nordic countries have performed well in recent decades both in terms of economic growth, stock market development and social welfare.
| Original language | English |
|---|---|
| Journal | Nordic Journal of Business |
| Volume | 65 |
| Issue number | 1 |
| Pages (from-to) | 4-12 |
| ISSN | 2342-9003 |
| Publication status | Published - 2016 |