The effect of ownership concentration on management behavior in Belgian banks: a case study

Detalhes bibliográficos
Autor(a) principal: Vielleuze, Jean-Charles Deudon de le
Data de Publicação: 2014
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/14894
Resumo: Double Degree. A Work Project, presented as part of the requirements for the Award of a Master’s Degree in Finance from NOVA – School of Business and Economics and a Masters Degree in Management from Louvain School of Management
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spelling The effect of ownership concentration on management behavior in Belgian banks: a case studyCorporate governanceOwnership concentrationBankingFinancial crisisDouble Degree. A Work Project, presented as part of the requirements for the Award of a Master’s Degree in Finance from NOVA – School of Business and Economics and a Masters Degree in Management from Louvain School of ManagementThis thesis identifies two completely different ownership structures in Belgian banks: on one side, there is the concentrated ownership structure with a number of reference shareholders, while on the other side, the ownership is really dispersed and no shareholder has a significantly large stake and ability to influence management’s decisions. Dexia and KBC followed the first model, while Fortis has evolved towards the second one around the year 2000. The mitigating impact that reference shareholders could have had on the – in hindsight – wrong decisions of Belgian banks’ top-managers is found to be very limited. I therefore conclude that the dispersed ownership structure of Fortis was not an important factor in its collapse. Nevertheless, a concentrated ownership structure has been found out to help in case of financial distress, mainly because governments will be more inclined to participate to bailouts when a sound rescue strategy, elaborated with the help of a stable ownership structure, is present.NSBE - UNLMarques, AnaSarens, GerritRUNVielleuze, Jean-Charles Deudon de le2015-05-08T10:56:54Z2014-062014-06-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/14894TID:201474964enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T03:50:20Zoai:run.unl.pt:10362/14894Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:22:09.766858Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv The effect of ownership concentration on management behavior in Belgian banks: a case study
title The effect of ownership concentration on management behavior in Belgian banks: a case study
spellingShingle The effect of ownership concentration on management behavior in Belgian banks: a case study
Vielleuze, Jean-Charles Deudon de le
Corporate governance
Ownership concentration
Banking
Financial crisis
title_short The effect of ownership concentration on management behavior in Belgian banks: a case study
title_full The effect of ownership concentration on management behavior in Belgian banks: a case study
title_fullStr The effect of ownership concentration on management behavior in Belgian banks: a case study
title_full_unstemmed The effect of ownership concentration on management behavior in Belgian banks: a case study
title_sort The effect of ownership concentration on management behavior in Belgian banks: a case study
author Vielleuze, Jean-Charles Deudon de le
author_facet Vielleuze, Jean-Charles Deudon de le
author_role author
dc.contributor.none.fl_str_mv Marques, Ana
Sarens, Gerrit
RUN
dc.contributor.author.fl_str_mv Vielleuze, Jean-Charles Deudon de le
dc.subject.por.fl_str_mv Corporate governance
Ownership concentration
Banking
Financial crisis
topic Corporate governance
Ownership concentration
Banking
Financial crisis
description Double Degree. A Work Project, presented as part of the requirements for the Award of a Master’s Degree in Finance from NOVA – School of Business and Economics and a Masters Degree in Management from Louvain School of Management
publishDate 2014
dc.date.none.fl_str_mv 2014-06
2014-06-01T00:00:00Z
2015-05-08T10:56:54Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/14894
TID:201474964
url http://hdl.handle.net/10362/14894
identifier_str_mv TID:201474964
dc.language.iso.fl_str_mv eng
language eng
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eu_rights_str_mv openAccess
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