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Management's obligation to focus on the sustainable creation of value by the 2009 German Corporate Governance Code. The … modifications of the preamble and of section 4.1.1 on the tasks and responsibilities of management boards in the 2009 German … gegeben, gefolgt von einer Untersuchung der Resonanz auf die ausgewählten änderungen bei den Unternehmen anhand der Ergebniße …
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This paper provides a rationale for the coexistence of different systems of corporate governance based on the multitude of agency problems typically to be governed within a given firm. Because there are complementarity and substitution relationships between governance instruments, specific...
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monitor management are attenuated because monitoring shifts some of the firm's risk from management to owners. This …
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