The Internationalisation of Asset Ownership in Europe

ISBN-13: 9780521852951 / Angielski / Twarda / 2005 / 364 str.

Harry Huizinga; Lars Jonung

Opis

Financial markets in Europe have become increasingly integrated in recent years, leading to a rise in foreign ownership of domestic equities and other assets. This volume brings together ten expert contributions to provide an authoritative analysis of the evolution and implications of foreign ownership in Europe today. In addition to providing new data on the extent of foreign ownership in Europe, the authors analyze some of the major challenges it brings for policy-makers at both the European and the national level.

Recenzje

'The Internationalisation of Asset Ownership in Europe contains a comprehensive collection of articles that provide fascinating insights on a crucial aspect of European Financial Integration.' Marco Becht, Professor of Finance and Economics, ECARES, Université Libre de Bruxelles; Executive Director, European Corporate Governance Institute (ECGI)

Spis treści

Preface; Introduction; Part I. The Legal Framework: 1. Legal restrictions on foreign ownership in the European Union Jean-Pierre Raes; 2. European takeover regulation Erik Berglof and Mike Burkart; Part II. Recent Developments: 3. Foreign direct investment and labour market outcomes Kenneth Scheve and Matthew J. Slaughter; 4. Foreign ownership in Europe: determinants and taxation consequences Cécile Denis, Harry Huizinga and Gaëtan Nicodème; 5. Portfolio diversification in Europe Kpate Adjaouté, Jean-Pierre Danthine and Dusan Isakov; 6. Asymmetric shocks and risk sharing in a monetary union: updated evidence and policy implications for Europe Sebnem Kalemli-Ozcan, Bent Sorensen and Oved Yosha Part III. Country Studies: 7. The Swedish model of corporate ownership and control in transition Magnus Henrekson and Ulf Jakobsson; 8. Foreign ownership in Finland - boosting firm performance and changing corporate governance Pekka Ylä-Antilla, Jyrki Ali-Yrkkö and Martti Nyberg; 9. Attitudes to foreign direct investment in the United Kingdom Forrest Capie, Geoffrey Wood and Frank Sensenbrenner; 10. Foreign ownership and firm performance in Italy Sergio Mariotti, Fabrizio Onida and Lucia Piscitello.