In this paper, two different ownership structures in Belgian banks are studied to see whether this had an impact on how these banks went through the financial crisis of 2007-2008. On the one hand, there is the concentrated ownership structure with a number of major shareholders, while on the other hand, the ownership can be really dispersed with no shareholder having a significantly large stake and ability to influence management’s decisions.
Deudon, J.-C., Marques, A. C., & Sarens, G. (2015). Ownership concentration of three large Belgian banks during the crisis. Corporate Governance (Bradford) : the international journal of business in society, 15(5), 1-15. https://doi.org/10.1108/CG-09-2014-0104 (Original work published 2015)