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Some of the most widely expressed myths about the German financial system are concerned with the close ties and intensive interaction between banks and firms, often described as Hausbank relationships. Links between banks and firms include direct shareholdings, board representation, and proxy...
Persistent link: https://www.econbiz.de/10009765357
This paper investigates the potential implications of say on pay on management remuneration in Germany. We try to shed … deploy a hand-collected data set for Germany's major firms (i.e. DAX 30), for the years 2006-2012. Rather than focusing …. We observe that the compensation packages of management board members of Germany's DAX30-firms are quite closely linked …
Persistent link: https://www.econbiz.de/10011436065
Ownership structures are an important element of the theory explaining corporate governance. This study presents detailed descriptive evidence on the ownership structures of German manufacturing firms. It addresses several shortcomings of the previous German empirical literature: First, we study...
Persistent link: https://www.econbiz.de/10011443468
econometric analysis of firm performance in Germany. Based on a unique panel data set with detailed information on almost 400 … Germany's bank-based system of internal control, ownership concentration is harmful for productivity growth. …
Persistent link: https://www.econbiz.de/10011443499
creditors play an active role in disciplining. Block purchases have a monitoring role in Belgium and Germany, but not in France …
Persistent link: https://www.econbiz.de/10011446114
The paper argues that the weakest link principle, which has been widely used as a measure of ultimate owners' control rights, has a number of serious problems. A theoretically more satisfactory method of measuring control rights, based on voting power indices, is proposed, and the different...
Persistent link: https://www.econbiz.de/10011450369
disclosures related to control system over financial reporting in Poland and Germany. The research group comprised of companies …
Persistent link: https://www.econbiz.de/10012395278
The paper provides an overview and an economic analysis of the development of the corporate governance of German banks since the 1950s, highlighting peculiarities - as seen from the meanwhile prevailing standard model perspective - of the German case. These peculiarities refer to the specific...
Persistent link: https://www.econbiz.de/10011716996
The financial crisis of 2007-08 has stressed the importance of a sound financial system. Unlike other studies weighing the pros and cons of market versus bank-based systems, this paper investigates whether the main elements of the German financial system can be regarded as complementary and...
Persistent link: https://www.econbiz.de/10012037106
: those of some 40 years ago, when Deutsche Bank was essentially a Germany-focused commercial bank, or even those from the … Bank's strategy of two decades ago, which aimed at transforming Deutsche Bank from a Germany-centered commercial bank into …
Persistent link: https://www.econbiz.de/10012038963