To the top

Page Manager: Webmaster
Last update: 9/11/2012 3:13 PM

Tell a friend about this page
Print version

Keeping it real or keepin… - University of Gothenburg, Sweden Till startsida
To content Read more about how we use cookies on

Keeping it real or keeping it simple? Ownership concentration measures compared

Conference paper
Authors Conny Overland
Taylan Mavruk
Stefan Sjögren
Published in The 4th workshop of the Nordic Corporate Governance Network, Reykjavik University June 15, 2012
Publication year 2012
Published at Department of Business Administration, Industrial and Financial Management & Logistics
Centre for Finance
Language en
Keywords Ownership concentration measures , Sweden
Subject categories Statistics, Economics and Business


Based on a sample of 240 Swedish firms listed at the Stockholm Stock Exchange as of year-end 2008 we analyze measures of ownership concentration found in past governance literature. We find that although measures are significantly correlated, they show different distributional properties. We also identify the best underlying distribution for each concentration measure, and we are able to distinguish between measures in terms of what dimensions of ownership they describe. Finally, we document that inferences regarding the association between ownership concentration and firm performance are contingent on the choice of concentration measure.

Page Manager: Webmaster|Last update: 9/11/2012

The University of Gothenburg uses cookies to provide you with the best possible user experience. By continuing on this website, you approve of our use of cookies.  What are cookies?