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Article Dans Une Revue Corporate Ownership and Control Année : 2008

Are Corporate Governance Systems Typologies Relevant? Evidence from European Transfers of Ownership Rights

Résumé

Corporate governance systems vary considerably across Europe, reflecting the differences in the
financial and legal systems, and in corporate ownership structures. The purpose of this paper is to
identify the relevant governance system typologies. To test the robustness of the typologies, we study
transfers of ownership rights that may be an important determinant of corporate governance in the
largest European economies. Results overall invalidate the expectations induced from the theoretical
analysis of national corporate governance systems. They suggest that the classical typologies are
insufficient to distinguish between governance systems as they miss to capture institutional
complementarities and political differences. Our unexpected results could also suggest a convergence of
the systems, not towards the Anglo-American model, but towards a new model.
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Dates et versions

halshs-00418512 , version 1 (18-09-2009)

Identifiants

  • HAL Id : halshs-00418512 , version 1

Citer

Rafik Abdesselam, Sylvie Cieply, Anne-Laure Le Nadant. Are Corporate Governance Systems Typologies Relevant? Evidence from European Transfers of Ownership Rights. Corporate Ownership and Control , 2008, 5 (2), pp.87-99. ⟨halshs-00418512⟩
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