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The market for corporate control and corporate governance regulation in Europe

Listed author(s):
  • Martynova, M.

    (Tilburg University, School of Economics and Management)

Registered author(s):

    The two main constituents of any corporate governance system are corporate governance regulation and the market for corporate control. Their impact on economic growth, the development of markets, and the governance of firms has been widely studied both theoretically and empirically. However, empirical research in this field remains mostly confined to the UK and US and there is little known about the effects of takeover market and corporate legislation in Continental Europe. This dissertation provides a comprehensive overview of the market for corporate control and corporate governance regulation in European countries and documents their evolution during the past 15 years. The overview is complimented with the analysis of the impact of corporate takeovers and regulatory environment in European countries on companies’ profitability and the choice of financing sources. We show that there are substantial differences between Anglo-American and Continental European markets for corporate control and legal systems and these differences have significant impact on economic growth, the development of markets, and the governance of firms.

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    Paper provided by Tilburg University, School of Economics and Management in its series Other publications TiSEM with number 8651e281-4914-41f2-ac14-17565abc96a8.

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    Length: 232
    Date of creation: 2006
    Publication status: Published
    Handle: RePEc:tiu:tiutis:8651e281-4914-41f2-ac14-17565abc96a8
    Note: Dissertation
    Contact details of provider: Web page: https://www.tilburguniversity.edu/about/schools/economics-and-management/

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