Universal banking, allocation of control rights, and corporate finance in Germany

Corporate governance practices differ greatly in the United States and Germany. This paper describes the main institutional features of the German corporate governance system, focusing on universal banks and codetermination. The paper also summarizes existing empirical evidence that has investigated how- and how well- this system works.

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Year of publication:	1998
Authors:	Emmons, William R. ; Schmid, Frank A.
Institutions:	Federal Reserve Bank of St. Louis
Subject:	Germany \| Banks and banking

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Extent:	application/pdf
Series:	Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Published in Federal Reserve Bank of St. Louis Review, July/August 1998, 80(4), pp. 19-42 Number 1998-001
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005490924