Ownership Structure, Financial Decisions, and Institutional Setting: An International Analysis through Simultaneous Equations

Table 1

Sample composition by countries.

	Firms	Observations
Civil law	628	2,723
French tradition	344	1,433
France	110	469
Italy	74	284
Portugal	17	72
Spain	76	331
The Netherlands	31	138
Belgium	13	56
Greece	23	83
German tradition	238	1,113
Germany	94	417
Japan	129	613
Austria	15	83
Scandinavian tradition	46	177
Norway	14	51
Sweden	13	61
Finland	19	65
Common law	502	2,145
Australia	63	224
USA	256	1,186
UK	183	735