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dc.contributor.authorKöhler, Matthiasen_US
dc.date.accessioned2009-08-12T07:26:11Z-
dc.date.available2009-08-12T07:26:11Z-
dc.date.issued2008en_US
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_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim-
dc.relation.ispartofseriesZEW Discussion Papers 08-110en_US
dc.relation.hasversionhttp://hdl.handle.net/10419/28007-
dc.subject.jelG38en_US
dc.subject.jelK29en_US
dc.subject.jelG21en_US
dc.subject.jelG34en_US
dc.subject.ddc330en_US
dc.subject.keywordBanksen_US
dc.subject.keywordblockholdingsen_US
dc.subject.keywordcorporate governanceen_US
dc.subject.keywordhostile takeoversen_US
dc.subject.keywordtakeover directiveen_US
dc.subject.stwBanken_US
dc.subject.stwEigentümerstrukturen_US
dc.subject.stwCorporate Governanceen_US
dc.subject.stwÜbernahmeen_US
dc.subject.stwRegulierungen_US
dc.subject.stwEU-Staatenen_US
dc.titleBlockholdings and Corporate Governance in the EU Banking Sectoren_US
dc.typeWorking Paperen_US
dc.identifier.ppn589795856en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:7500-
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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