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Department of Economics, Copenhagen Business School Working Paper Series, Department of Economics, Copenhagen Business School

No 04-2001:
EJERSKABSSTRUKTURER OG KONTROL-ALLOKERING I UNOTEREDE DANSKE VIRKSOMHEDER

Morten Bennedsen and Kasper Nielsen

Abstract: We analyse the relationship between the distribution of ownership and the allocation

of control in Danish closely held corporations. First, we investigate why firms have boards. Second,

we identify relationships between owners, boardmembers and CEOs in these firms. Third, we show

the presence of control dilution in firms with multiple owners. Finally, we discuss some

implications for Danish corporate law of our findings.

Keywords: Allocation of control; Denmark; closely held corporations; boardmembers; Corporate Law; Corporate governance; (follow links to similar papers)

JEL-Codes: G30; (follow links to similar papers)

26 pages, May 15, 2001

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