Goergen, M.; Renneboog, L. - CentER for Economic Research, Universiteit van Tilburg - 1999
The paper investigates why the corporate landscapes of Germany and UK are so different in terms of control by analyzing … ownership evolution in recent IPOs. We report the control evolution of a sample of size- and industry-matched German and UK … companies six years subsequent to the flotation. The initial shareholders in the average German IPO lose majority control six …