Changing national business systems:Corporate governance and financing in the Netherlands, 1945-2005

Abe De Jong, Ailsa Röell, Gerarda Westerhuis

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19 Citations (Scopus)


This study traces the evolution of corporate governance and financing structures in the Netherlands during the second half of the twentieth century. A description of Dutch shareholder rights, financing structures, and networks of directors reveals the changes that have occurred in many aspects of the Dutch corporate system over the course of six decades. The case of Royal Ahold illustrates some of the developments that have taken place. Most indicate a transition from a coordinated market economy to a more liberal system. The internationalization of the Dutch economy, which has played an important role in the transition of the system, is reflected in the expansion of Dutch firms beyond the national borders and in the growing number of foreign investors in Dutch firms.

Original languageEnglish
Pages (from-to)773-798
Number of pages26
JournalBusiness History Review
Issue number4
Publication statusPublished - 2010
Externally publishedYes

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