Ownership and Control in the Netherlands

Fondazione Eni Enrico Mattei Working Paper No. 22.99

32 Pages Posted: 8 Apr 1999

See all articles by Abe de Jong

Abe de Jong

Rotterdam School of Management, Erasmus University

Rezaul Kabir

University of Twente - Department of Finance and Accounting

Teye A. Marra

University of Groningen - Faculty of Economics and Business

Ailsa Röell

Columbia University, School of International and Public Affairs

Date Written: March 1999

Abstract

This paper analyses ownership and control structures of Dutch listed companies. Legislation effective since 1992 mandates all shareholders with holdings of 5 percent or more in Dutch companies to disclose their holdings. Our analysis shows that the average ownership stakes of the largest and the three largest shareholders are 27% and 41%, respectively. The average ownership stakes of banks, insurance companies and other financial institutions are relatively low. We observe that voting rights are more concentrated than ownership rights the use of a supervisory board representing interests of different stakeholders is ubiquitous; and listed companies use different forms of antitakeover defence measures.

JEL Classification: G30, G32, G34

Suggested Citation

de Jong, Abe and Kabir, Rezaul and Marra, Teye A. and Röell, Ailsa A., Ownership and Control in the Netherlands (March 1999). Fondazione Eni Enrico Mattei Working Paper No. 22.99. Available at SSRN: https://ssrn.com/abstract=159149 or http://dx.doi.org/10.2139/ssrn.159149

Abe De Jong

Rotterdam School of Management, Erasmus University ( email )

P.O. Box 1738
Room T08-25
Rotterdam, 3000 DR
Netherlands
+31 10 408 1022 (Phone)

HOME PAGE: http://https://www.rsm.nl/people/abe-de-jong/

Rezaul Kabir (Contact Author)

University of Twente - Department of Finance and Accounting ( email )

Faculty of Behavioral, Management & Social Science
P. O. Box 217
Enschede, 7500 AE
Netherlands
+31 53 489 4512 (Phone)
+31 53 489 2159 (Fax)

HOME PAGE: http://https://people.utwente.nl/r.kabir

Teye A. Marra

University of Groningen - Faculty of Economics and Business ( email )

Postbus 72
9700 AB Groningen
Netherlands

Ailsa A. Röell

Columbia University, School of International and Public Affairs ( email )

3022 Broadway
New York, NY 10027
United States
(212) 854-9289 (Phone)

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