The assessment of equity of non-listed companies
[eng] The aim of this study is the assessment of the equity of all non-listed companies in five big countries : France, Germany, Italy, Spain, United Kingdom. This work contributes to a better knowledge of the value of the wealth of households, held as such equity. We present a homogenous measure of the book value of equity of non-listed companies, based upon the use of extensive databases, private (Amadeus, Osiris) and public (Bach). The assessment shows a very large amount of equity of non-listed companies in Germany. France, Italy and the United Kingdom follow with quite similar levels, Spain owning a lower amount. The assessment then leads to amounts of equity of non-listed companies in accordance with the economic significance of each country, but also with the kind of financial system more or less oriented towards financial markets. . JEL classifications : E21, E22, G10
Year of publication: |
2001
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Authors: | Weill, Laurent ; Dietsch, Michel |
Published in: |
Revue d'Économie Financière. - Programme National Persée, ISSN 0987-3368. - Vol. 64.2001, 4, p. 205-217
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Publisher: |
Programme National Persée |
Saved in:
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