OWNERSHIP STRUCTURE IMPACT ON CORPORATE GOVERNANCE AND PERFORMANCE

Ownership structure is one of the most important factors influencing the system of corporate governance as well as firm performance in general. Main aim of the paper is to analyse the ownership structure development in different countries in the years 2015-2017. Following countries were selected for comparative analysis of this issue: United States, Germany, United Kingdom, Belgium, France, Sweden, Russia and Czech Republic. The main reason for selection of these countries was to cover in this sample the most important country characteristics like size (big, small), economical level (developing, developed), territorial position (West, East) etc. It aims to find out the causes and dependences, which enable carrying out development predictions. Based on this approach, methodological instruments are created to facilitate ownership structure development on country level. Paper elaborates methodological instruments in order to find out the relationships between ownership structure and corporate governance and performance using macroeconomic data on country level. Comparative analysis of existing ownership structures in selected countries shows interesting differences. Research results are applied as incentives influencing government strategy in future development of ownership structure and corporate governance structure.