Download This PaperPropiedad y blindaje de las empresas cotizadas españolas. 1996-2002 (Ownership and Defence Tactics in Spanish Listed Firms. 1996–2002)
51 Pages Posted: 2 Apr 2019
Date Written: 2004
Abstract
This paper examines the ownership structure and defence measures of Spanish listed companies, to determine the identity and equity stakes of their key shareholders and the extent of their takeover protection. Among its most striking findings is the power exercised by family groups, which at end 2002 controlled 52.7 percent of non financial listed companies. On the defensive front, the study detected a clear trend towards greater use of anti-takeover measures.
Note: Downloadable Document is in Spanish.
Suggested Citation: Suggested Citation
Martín, Domingo Javier Santana and Aguiar-Díaz, Inmaculada, Propiedad y blindaje de las empresas cotizadas españolas. 1996-2002 (Ownership and Defence Tactics in Spanish Listed Firms. 1996–2002) (2004). CNMV Working Paper No. 5.2004, Available at SSRN: https://ssrn.com/abstract=3364574 or http://dx.doi.org/10.2139/ssrn.3364574
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