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Cross‐border corporate ownership and capital market integration in Europe: evidence from portfolio and industrial holdings.

Abstract:

The level and determinants of cross‐border holdings are evaluated using data on the ownership structures of 711 MSCI index companies in 16 European countries. The level of foreign ownership in the 16 countries is significant, but spread unevenly, with US financial institutions controlling the majority of foreign stakes. Countries' borders, rather than company size ranges are the main lines of discrimination between high and low levels of foreign corporate ownership. Major factors influencing ...

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Publisher copy:
10.1093/jeg/2.4.455

Authors


Publisher:
Oxford University Press
Journal:
Journal of Economic Geography
Volume:
2
Issue:
4
Pages:
455 - 491
Publication date:
2002-01-01
DOI:
ISSN:
1468-2702
Language:
English
UUID:
uuid:6916b592-ce98-4ff5-825b-74a405901292
Local pid:
oai:economics.ouls.ox.ac.uk:15093
Deposit date:
2011-08-16

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