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Enterprise Foundations: Law, Taxation, Governance, and Performance

Steen Thomsen & Nikolaos Kavadis

Annals of Corporate Governance2022https://doi.org/10.1561/109.00000031article
AJG 2
Weight
0.63

What the paper says

Enterprise foundations are foundations, which own companies. While this structure is little known outside Northern Europe, a number of leading global companies such as Robert Bosch, Rolex, Carlsberg, Hershey, Ikea, the Wallenberg sphere or the Tata Group are ultimately owned by foundations. Aside from their economic significance, enterprise foundations have interesting governance characteristics including long-term ownership, the absence of a personal profit motive and the combination of business and philanthropy. Recently, they have attracted attention as a safeguard for a company purpose. In this monograph, we review the limited, but growing literature on the topic focusing on law, taxation, governance, and performance. We conclude by considering policy implications and avenues for research.

15 citations

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https://doi.org/https://doi.org/10.1561/109.00000031

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@article{steen2022,
  title        = {{Enterprise Foundations: Law, Taxation, Governance, and Performance}},
  author       = {Steen Thomsen & Nikolaos Kavadis},
  journal      = {Annals of Corporate Governance},
  year         = {2022},
  doi          = {https://doi.org/https://doi.org/10.1561/109.00000031},
}

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Enterprise Foundations: Law, Taxation, Governance, and Performance

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Evidence weight

0.63

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.70 × 0.4 = 0.28
M · momentum0.80 × 0.15 = 0.12
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.