Determinants of Ownership Structure: A Comparison of Common and Civil Law Countries

  •  Ben Hatem    


The aim of this paper is to identify factors that explain ownership structure. Our empirical study uses two sample firms of two countries: Germany, characterized by a concentrated ownership structure, and the United Kingdom, characterized by diffused ownership structure. Our results show differences in the determinants of ownership structure between the two countries. Differences relate to size and research and development variables. Furthermore, profitability has no effect on the ownership structure for the two countries.

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