Scandinavian Working Papers in Economics
Working Papers,
Copenhagen Business School, Department of Economics
No 04-2001: EJERSKABSSTRUKTURER OG KONTROL-ALLOKERING I UNOTEREDE DANSKE VIRKSOMHEDER
Morten Bennedsen and Kasper Nielsen
Additional contact information
Morten Bennedsen: Department of Economics, Copenhagen Business School, Postal: Department of Economics, Copenhagen Business School, Solbjerg Plads 3 C, 5. sal, DK-2000 Frederiksberg, Denmark
Kasper Nielsen: Department of Economics, Copenhagen Business School, Postal: Department of Economics, Copenhagen Business School, Solbjerg Plads 3 C, 5. sal, DK-2000 Frederiksberg, Denmark
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
JEL-codes: G30
26 pages, May 15, 2001
Full text files
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