Topic
Corporate group
About: Corporate group is a research topic. Over the lifetime, 1747 publications have been published within this topic receiving 46868 citations.
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TL;DR: In this article, the authors analyse the control of Belgian listed companies and reveal that ownership concentration is highly concentrated, and that business groups, holding companies, and voting pacts play an important role in bringing about this concentration.
Abstract: This paper analyses the control of Belgian listed companies. The analysis reveals that control of listed companies in Belgium is highly concentrated. Business groups, holding companies, and voting pacts, play an important role in bringing about this concentration. The main characteristics of the Belgian corporate ownership and equity market can be summarised as follows: (i) few - merely 140 - Belgian companies are listed on the Brussels stock exchange, (ii) there is a high degree of ownership concentration with an average largest direct shareholding of 45%, (iii) holding companies and families, and to a lesser extent industrial companies, are the main investor categories whose share stakes are concentrated into powerful control blocks through business group structures and voting pacts, (iv) control is levered by pyramidal and complex ownership structures and (v) there is a market for share stakes.
54 citations
TL;DR: In this paper, the authors discuss the conditions that can influence firms' ability to operate in the market for technology, and advance some theory-driven hypotheses regarding key factors that are likely to determine it.
54 citations
54 citations
53 citations
TL;DR: In this paper, the authors investigated the roles of governance factors, such as business group affiliation, domestic institutional ownership, and foreign ownership in corporate restructuring of Korean firms, and continued to examine the effects of changes in regulatory environments regarding corporate governance after the financial crisis.
53 citations