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Steen Thomsen

Professor , Professor, cand.polit., PhD
Steen Thomsen

Department of International Economics and Management

Porcelænshaven 24A

2000 Frederiksberg

Tel.: +45 3815 2590
Fax:+45 3815 2500
E-mail: st.int@cbs.dk



Link to this homepage: uk.cbs.dk/staff/steen_thomsen

Affiliated with Center for Corporate Governance

Corporate governance

Industrial Foundations

Primary research areas

  • Corporate Governance
  • Delistings
  • Foundation ownership of business companies
  • Institutional investor behavior
  • Long-term survival of foreign companies
  • Governance networks


Selected publications

Journal Articles in English

1. Company Dynamics and Economic Growth. Scandinavian Economic History Review 44(1). 1996.

2. Foundation Ownership and Economic Performance­ Corporate Governance. 4(4). 1996.

3. Co-author Torben Pedersen. Nationality and Ownership Structure. Management International Review 36(2). 1996.

4. Co-author Torben Pedersen: European Patterns of Corporate Ownership. Journal of International Business Studies. 28(4): 759-778. 1997.

5. Co-author Torben Pedersen: Industry and Ownership Structure. International Review of Law and Economics 18(4), December 1998. 385-402.

6. Corporate Ownership by Industrial Foundations. The European Journal of Law and Economics 7(2), 1999.

7. & Torben Pedersen: Business Systems and Corporate Governance, International Studies of Management and Organization 29(2). Summer 1999. 43-59.

8. & Torben Pedersen: Causes and Consequences of Ownership Concentration among Europe's Largest Companies: Economic and Systemic Explanations. International Journal of the Economics of Business. 6(3). 1999. 367-381.

9. & Torben Pedersen. Ownership Structure and Economic Performance in the Largest European Companies. The Strategic Management Journal. 21(6). 2000. 689-705.

10. Survival of foreign subsidiaries and domestic companies in Danish manufacturing 1895-1995. The Scandinavian Economic History Review. 48(2). 2000.

11. Ethical Codes as Corporate Governance. The European Journal of Law and Economics. 12 (2), 2001.

12. & Torben Pedersen. The Causal Relationship Between Ownership Concentration, Owner Identity And Market Valuation Among The Largest European Companies. Journal of Management and Governance.7(1): 27-55. 2003.

13. Corporate Governance, International Business Activity and Economic Performance. Journal of International Business and Economy, 4(1) 2003.

14. The Convergence of Corporate Governance Systems to European and Anglo-American Standards, European Business Organization Law Review, 4(1), 2003.

15. Corporate values and corporate governance, Journal of Corporate Governance, 4(4), 2004.

16. & Caspar Rose. Corporate Reputation and Financial Performance, European Management Journal, 22(2), 2004.

17. & Caspar Rose. Foundation Ownership and Financial Performance, European Journal of Law and Economics, forthcoming, 2004.

18. & Carmine Gioia: International Acquisitions and the Market for Lemons, Journal of Applied Economics, 2004.

19. Corporate Governance as a Determinant of Corporate Values, Journal of Corporate Governance, 2005.

20. Conflicts of Interests or Aligned Incentives? Blockholder Ownership, Dividends and Firm Value in the US and the EU. European business Organization law review 6:201-225. 2005.

21. & Torben Pedersen and Hans Kurt Kvist. The Direction of Causality between Blockholder Ownership and Market Valuation. Journal of Corporate Finance, 2006.

22. Thomsen, Steen. The Hidden Meaning of Codes: Corporate Governance and Investor Rent Seeking, European Business Organization Law Review 7: 845-861 2007.

23. Sinani, E, Stafsud, A, Thomsen, S. Edling C, Randoy, T. Corporate Governance in Scandinavia: Comparing Networks and Formal Institutions. European Management Review. 5(1). 2008.

24. Thomsen, Steen. Corporate Governance outside the Box: A Minimum Theory of Boards. International Journal of Corporate Governance. 1(1). 2008.

25. Kronborg, Dorte and Steen Thomsen. 2009. Foreign Ownership and Long Run Survival, Strategic Management Journal, 30:207-219, 2009.

26. Thomsen, Steen. Should Private equity be regulated?, European Business Organization Law Review, 2009.

Recent Books

Steen Thomsen. An Introduction to Corporate Governance: Mechanisms and Systems. 250 pages. DJØF Publishing Company, January 2008.

http://www.amazon.com/Introduction-Corporate-Governance-Mechanisms-Systems/dp/8757418519 .

Steen Thomsen, Caspar Rose, Ole Risager. Understanding the Financial Crisis: Investment, Risk and Governance. Simcorp, August 2009.

Work in progress

1. With Henry Hansmann. The Governance of Industrial Foundations.

2. With Thomas Poulsen and Therese Strand. Voting Power and Shareholder Activism. Revision requested. Corporate Governance: An International Review.

3. With Aleksandra Gregoric, Lars Oxelheim and Trond Randoy. Nordic Board Diversity

and Company Economic Performance.

4. With Christofer Edling Bersant Hobdari, Trond Randøy and Anna Stafsudd. Testing "the Old Boys' Network": Diversity and Board Interlocks in Scandinavia.

5. Corporate Governance: Principles and Practice. Book Project.

Full publication list (pdf)



Last updated by Tina Forsingdal 19/11/2009