A thorough investigation of financial market integration in Europe.

Preface; Introduction; Part I. The Legal Framework: 1. Legal restrictions on foreign ownership in the European Union Jean-Pierre Raes; 2. European takeover regulation Erik Berglof and Mike Burkart; Part II. Recent Developments: 3. Foreign direct investment and labour market outcomes Kenneth Scheve and Matthew J. Slaughter; 4. Foreign ownership in Europe: determinants and taxation consequences Cécile Denis, Harry Huizinga and Gaëtan Nicodème; 5. Portfolio diversification in Europe Kpate Adjaouté, Jean-Pierre Danthine and Dusan Isakov; 6. Asymmetric shocks and risk sharing in a monetary union: updated evidence and policy implications for Europe Sebnem Kalemli-Ozcan, Bent Sorensen and Oved Yosha Part III. Country Studies: 7. The Swedish model of corporate ownership and control in transition Magnus Henrekson and Ulf Jakobsson; 8. Foreign ownership in Finland - boosting firm performance and changing corporate governance Pekka Ylä-Antilla, Jyrki Ali-Yrkkö and Martti Nyberg; 9. Attitudes to foreign direct investment in the United Kingdom Forrest Capie, Geoffrey Wood and Frank Sensenbrenner; 10. Foreign ownership and firm performance in Italy Sergio Mariotti, Fabrizio Onida and Lucia Piscitello.