Scandinavian Working Papers in Economics

Nationaløkonomisk tidsskrift,
Nationaløkonomisk Forening

Bestyrelser i unoterede danske virksomheder

2002, Volume 2002, issue 1, pp. 120-151

Morten Bennedsen () and Kasper Nielsen
Additional contact information
Morten Bennedsen: Institut for nationaløkonomi, Handelshøjskolen i København og Centre for Economic and Business Research, Postal: 4 Bath St, London EC1V 9DX, Storbritannien
Kasper Nielsen: Centre for Economic and Business Research og Centre for Applied Microeconometrics, Københavns Universitet, Postal: 4 Bath St, London EC1V 9DX, Storbritannien

Abstract: This article analyses board organization in closely held corporations in Denmark. First, we identify companies' motives for having a board. Second, we analyse motives for having larger boards than the minimum sized required by the company law. Finally we test whether the organization of the board affects firm performance and dicuss the policy implications of our results in relationship to the recent debate in Denmark on good corporate governance.

Keywords: bestyrelser; governance

JEL-codes: A10

Language: Danish

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