Block Investments and the Race for Corporate Control

Corporate Ownership and Control, Vol. 2, No. 1, November 2004

26 Pages Posted: 13 Sep 2004

See all articles by Ariane Chapelle

Ariane Chapelle

University College London - Department of Computer Science

Abstract

This paper investigates the common patterns of ownership structure across different corporate governance systems. We test the predictions of Zwiebel (1995) using ownership data of Belgian listed companies in 1995 and in 1999. Results show good applicability of the model. This empirical research relates to other contributions performing tests for Hungary, Poland, and Spain. Next the model and its limitations are discussed. The paper opens promising fields for research in ownership structure modeling adapted to corporate governance systems of Continental and Eastern Europe.

Keywords: Corporate governance, corporate control, ownership

JEL Classification: G32, G34

Suggested Citation

Chapelle, Ariane, Block Investments and the Race for Corporate Control. Corporate Ownership and Control, Vol. 2, No. 1, November 2004, Available at SSRN: https://ssrn.com/abstract=588801

Ariane Chapelle (Contact Author)

University College London - Department of Computer Science ( email )

Gower Street
London, WC1E 6BT
United Kingdom
+44(0)7833453854 (Phone)

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