Becht, M.; Chapelle, A.; Renneboog, L. - CentER for Economic Research, Universiteit van Tilburg - 1999
about this concentration.The main characteristics of the Belgian corporate ownership and equity market can be summarised as … ownership concentration with an average largest direct shareholding of 45%, (iii) holding companies and families, and to a … control blocks through business group structures and voting pacts, (iv) control is levered by pyramidal and complex ownership …