The effect of ownership concentration on management behavior in Belgian banks: a case study
Autor(a) principal: | |
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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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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 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
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openAccess |
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application/pdf |
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reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
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RCAAP |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799137861265522688 |