7. COMPARATIVE STUDY
Sweden
Spain
Family dominated ownership , 79%
2
1
Shareholders : 28%
T Communitarian system
2
1
1.5% inflation rate
Communitarian system
2
1
High Shareholder’s concentration
T concentrated family ownership
2
1
Rapid economic growth
4 3.65% GDP growth avg. year
Good Governance Economic
8. COMPARATIVE STUDY
Bulgaria
Greece
Good Governance Economic
Main goal – Get over economic crisis
2
1
6 % inflation rate, 3.65% GDP growth avg. year
1990 , First Multiparty Election1
2 GDP 3.65% , 2007 & 4.2 % % inflation rate , 2008
Concentrated family ownership
3
1
Adopted euro in 2002
Hellenic parliament enacted law on CG3
2003 , all public companies need corporate governance2
1 Communitarian system
9. COMPARATIVE STUDY
Sweden
Spain
Low corruption , Score 10/10
2
1 Scandinavian Tradition
2
1
9.3/10 ScoreFew unethical issues in history
Moderate corruption , rank 25th1
Score 6.7
French legal tradition
2
1
efficiency : 6.25/10
2
Gescartera and Eurobank Scandal3
Law Business Ethics
4 Mercantile Laws
10. COMPARATIVE STUDY
Bulgaria
Greece
Most corrupted , 64th rank
2
1
Unicameral legislature
2
1
rules of law : 51.4 % rank
Noteworthy financial scandal
High corrupted , 56th rank , Score - 4.6
2
1
French legal tradition
2
1
Efficiency : 7/10
Banking scandal
Law Business Ethics
11. CONCLUDE COMPARATIVE STUDY
0
2
4
6
8
10
12
GDP Inflation score Law/Efficiency Corruption
Sweden Spain Bulgeria Greece
Majorchangehappenedin:Sweden
SpainandGreecemademoresuitablechange
BulgariaisnewtoEU
6 Sweden 55,039 58,116
22 Spain 28,648 29,580
24 Greece 22,395 N/A
Rank Country 2012 2013