Shareholder society

This table says a lot about the state of development of Europe's capital markets. It's rather sad to see just how parochial some of the core European countries still are, particularly in Germany and France. The numbers: http://www.vernimmen.com/letter/charts/letter_8-3.gif Source: “The ultimate ownership of Western European corporations”, M. Faccio, L.Lang; Journal of Financial Economics; 2002. Study based on 5232 listed companies in 13 countries Link: Vernimmen - THE VERNIMMEN.COM LETTER.

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