Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/27593 
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dc.contributor.authorKöhler, Matthiasen
dc.date.accessioned2009-08-12T07:26:11Z-
dc.date.available2009-08-12T07:26:11Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/27593-
dc.description.abstractOwnership structures widely differ across the EU. While large blockholdings dominate in the banking sector in Continental Europe, ownership is widely dispersed in the United Kingdom. These differences have consequences for corporate governance in the EU banking sector. This paper analyzes the efficiency of shareholder control and hostile takeovers as corporate governance mechanisms in the EU banking sector against the background of the regulatory environment and differences in the ownership structure of banks. Particular attention is put on current trends in the ownership structure of banks (e. g. sovereign wealth funds). The paper is based on a new dataset on shareholdings in listed banks in the EU banking sector. The results indicate that EU regulations have not always improved corporate governance in the banking sector. While shareholder control has been improved by a better protection of minority shareholder rights, the efficiency of the takeover market has been reduced in Continental Europe.en
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x08-110en
dc.relation.hasversionhttp://hdl.handle.net/10419/28007en
dc.subject.jelG38en
dc.subject.jelK29en
dc.subject.jelG21en
dc.subject.jelG34en
dc.subject.ddc330en
dc.subject.keywordBanksen
dc.subject.keywordblockholdingsen
dc.subject.keywordcorporate governanceen
dc.subject.keywordhostile takeoversen
dc.subject.keywordtakeover directiveen
dc.subject.stwBanken
dc.subject.stwEigentümerstrukturen
dc.subject.stwCorporate Governanceen
dc.subject.stwÜbernahmeen
dc.subject.stwRegulierungen
dc.subject.stwEU-Staatenen
dc.titleBlockholdings and Corporate Governance in the EU Banking Sector-
dc.typeWorking Paperen
dc.identifier.ppn589795856en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:7500en

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