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Product market competition, corporate governance and firm performance: an empirical analysis for Germany

Januszewski, Silke I.; Köke, Jens; Winter, Joachim K. - 1999

comparison with the United States. It has been argued that lack of product market competition and poor corporate governance are … 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/10010297660

Corporate monitoring by blockholders in Europe: empirical evidence of managerial disciplining in Belgium, France, Germany, and the UK

Dherment-Ferere, Isabelle; Köke, Jens; Renneboog, Luc - 2001

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/10010297760

Ownership concentration, institutional development and firm performance in Central and Eastern Europe

Balsmeier, Benjamin; Czarnitzki, Dirk - 2010

This paper analyzes the relationship of ownership concentration and firm performance in the context of different institutional environments in 28 Central and Eastern European transition economies. Using the BEEPS data for the period from 2002 to 2009 we find an inverted u-shaped relation of...

Persistent link: https://www.econbiz.de/10010303808

New evidence on ownership structures in Germany

Köke, Jens - 1999

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/10010297658

An applied econometricians' view of empirical corporate governance studies

Börsch-Supan, Axel; Köke, Jens - 2000

The economic analysis of corporate governance is en vogue. In addition to a host of theoretical papers, an increasing number of empirical studies analyze how ownership structure, capital structure, the structure of the board and the market for corporate control influence firm performance. This...

Persistent link: https://www.econbiz.de/10010297680

Control transfers in corporate Germany: their frequency, causes and consequences

Köke, Jens - 2000

This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency of block trading is similar to other countries, and the vast majority of block trades leads to changes in ultimate ownership (control transfers). Such changes are more likely...

Persistent link: https://www.econbiz.de/10010297730

Determinants of acquisition and failure: stylized facts and lessons for empirical studies

Köke, Jens - 2001

This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also …

Persistent link: https://www.econbiz.de/10010297767

Corporate governance, market discipline, and productivity growth

Köke, Jens - 2001

Using a large panel of German manufacturing firms over the years 1986?1996, this study examines the impact of corporate governance and market discipline on productivity growth. We find that firms under concentrated ownership tend to show significantly higher productivity growth. Financial...

Persistent link: https://www.econbiz.de/10010297792

Dynamics in ownership and firm survival: evidence from corporate Germany

Heiss, Florian; Köke, Jens - 2001

This study investigates the determinants of changes in corporate ownership and firm failure, taking into account different types of sellers and buyers of control blocks. For a large panel of German corporations we find that firms are more likely to fail or to be sold when performance is poor,...

Persistent link: https://www.econbiz.de/10010297800

Managerial ownership and firm performance in German small and medium-sized enterprises

Mueller, Elisabeth; Spitz, Alexandra - 2001

We analyze the relationship between managerial ownership and company performance, testing the incentive and entrenchment hypothesis. Differently from previous literature, we focus on small and medium-sized private enterprises which constitute an important part of the German economy. We use a...

Persistent link: https://www.econbiz.de/10010297809

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