The market for corporate control and corporate governance regulation in Europe

M. Martynova

Research output: ThesisDoctoral ThesisScientific

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Abstract

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.
Original languageEnglish
QualificationDoctor of Philosophy
Awarding Institution
  • Tilburg University
Supervisors/Advisors
  • Renneboog, Luc, Promotor
Award date8 Nov 2006
Place of PublicationTilburg
Publisher
Print ISBNs9056681826
Publication statusPublished - 2006

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Corporate governance
Market for corporate control
Governance
Economic growth
European countries
Financing
Empirical research
Legal system
Profitability
Regulatory environment
Corporate takeovers
Legislation

Cite this

Martynova, M. (2006). The market for corporate control and corporate governance regulation in Europe. Tilburg: CentER, Center for Economic Research.
Martynova, M.. / The market for corporate control and corporate governance regulation in Europe. Tilburg : CentER, Center for Economic Research, 2006. 232 p.
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Martynova, M 2006, 'The market for corporate control and corporate governance regulation in Europe', Doctor of Philosophy, Tilburg University, Tilburg.

The market for corporate control and corporate governance regulation in Europe. / Martynova, M.

Tilburg : CentER, Center for Economic Research, 2006. 232 p.

Research output: ThesisDoctoral ThesisScientific

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Martynova M. The market for corporate control and corporate governance regulation in Europe. Tilburg: CentER, Center for Economic Research, 2006. 232 p. (CentER Dissertation Series).