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Parties or Nations?
Callaghan, H. and M. Höpner, APSA 2004
30
Figure 3: Overall percentage of delegates from each country who supported the directive
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Germany
Greece
Austria
Belgium
Netherlands
Spain
Italy
France
Finland
Luxembourg
Ireland
Sweden
Portugal
UK
Denmark
Country
% of country's delegates voting yes
Figure 4: Shareholder orientation of national corporate governance system and percentage of
delegates supporting the directive
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
0
1
2
3
4
5
Country's score on the La Porta et al. index of shareholder protection
% of country's delegates voting yes
Italy
Belgium
Germany
Greece
Netherlands
Austria
Denmark
France
Finland
Portugal, Sweden
Ireland
Spain
UK
r= .64
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