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| Author: | Kirchmaier, T. Grant, J. |
| Title: | Corporate ownership structure and performance in Europe |
| Journal: | European management review
2005 : WINTER, VOL. 2:3, p. 231-245 |
| Index terms: | company ownership performance appraisal Europe |
| Language: | eng |
| Abstract: | This paper shows that ownership (here as: o-ship) structures (as: strs.) vary considerably across the largest European economies, and that o-ship has a significant impact on firm performance (as: perf). It is demonstrated that o-ship strs. in Europe are not necessarily consistent with value maximisation principles. Ultimately, the results show that dominant shareholders have a negative impact on long-term share price perf. These findings are in contradiction to similar research based on U.S. samples. |
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