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This study analyses the factors influencing institutional ownership in the largest non-financial companies listed in five major European countries from 2010 to 2015. Consistently with previous empirical literature, both country-level and firm-level variables result to be relevant. As for country...
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other through a small number of shared directors who serve on several company boards at the time (France, Germany, and Italy … connected to each other just like Germany, France, and Italy. However, just like the UK, such connections are made through … directors who tend to have just two board positions at the time, a sign that, differently from Italy, Germany, and France, the …
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This paper provides empirical evidence consistent with the facts that (1) social networks may strongly affect board composition and (2) social networks may be detrimental to corporate governance. Our empirical investigation relies on a unique dataset on executives and outside directors of...
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