Ownership Structure and Corporate Control in Bulgaria
Tchipev, Plamen D
Institute of Economics, Bulgarian Academy of Sciences, Sofia
20 September 2001
Online at https://mpra.ub.uni-muenchen.de/47169/
MPRA Paper No. 47169, posted 24 May 2013 13:22 UTC
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Table 3 : Ownership structure of Bulgarian public companies by type of holders Accumulated direct shareholdings held by:
All investors Domestic industrial companies
Domestic holding companies
Domestic bank
MEBO Government Individuals/
Families
Foreign portfolio investor
Foreign strategic investor
All Bulgarian
All Foreign
Panel A: In all sample companies (104 cases)
Stake (%) 79,6 14,6 23,4 0,7 8,4 9,6 1,6 6,9 14,4 58,3 21,3
Std.dev. 23,5 26,0 33,6 2,7 22,1 18,9 10,3 15,2 30,5 36,0 31,4
Panel B: In holding companies (17 cases)
Stake (%) 37,3 19,2 6,0 0,0 0,0 5,5 0,0 6,6 0,0 30,7 6,6
Std.dev. 26,1 24,7 16,2 - - 22,5 - 9,7 - 28,6 9,4
Panel C: In financial companies / banks (2 cases)
Stake (%) 38,0 7,6 0,0 6,4 0,0 10,6 0,0 13,5 0,0 24,53 13,51
Std.dev. 15,6 10,7 - 9,0 - 15,0 - 19,1 - 24,53 13,51
Panel D: In industrial/commercial companies (85 cases)
Stake (%) 89,0 13,8 27,5 0,7 10,2 10,5 1,9 6,8 17,6 64,6 24,4
Std.dev. 7,6 26,6 35,2 2,7 24,1 18,3 11,4 16,1 32,9 34,4 33,6
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