We investigate executive turnovers with focus on different kinds of outside board memberships of supervisory board members. The analysis is based on all management board members of the largest German corporations during the period from 1996 to 2008. Cox proportional hazard estimations suggest...

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 Corporate- Governance-Code got astonishingly few...

The discussion about employee representation on supervisory boards has received much attention from scholars and politicians around the world. We provide new insights to this ongoing debate by employing power indices from game theory to examine the "real" power of employees on boards and its...

This dissertation reviews the status and changes of the governance practices in China's SOE reforms. It explains how these changes took place by examining the most influential factors in the evolution of governance practices. It argues that there exists a path dependency, mainly driven by a...

Hat sich die Orientierung am Shareholder Value weltweit durchgesetzt? Diese Untersuchung der über 100 größten börsennotierten Aktiengesellschaften in Deutschland zeigt erstmals, dass sich nur eine verschwindende Minderheit zur Bevorzugung der Aktionäre bekennt. Vermeidet man diesen Begriff...

Anhand unternehmensbezogener Fallstudien behandeln die Autoren des Bands die Auflösung zentraler Wesensmerkmale der deutschen Spielart des organisierten Kapitalismus. Ausgangspunkt der Beiträge ist das Spannungsverhältnis zwischen einzelwirtschaftlich-betriebswirtschaftlichen und...