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Internationale Rechnungslegungsnormen und Neue Institutionenökonomik
Wüstemann, Jens - 1999
This paper presents some consequences of economic theory for the regulation of corporate accounting and disclosure … of accounting data-users and can serve as a guidance for the interpretation of legal rules concerning disclosure. (ii … (Milgrom/Roberts) – regulation of disclosure standards can also be seen as a function of the institutional setting, e.g. of the …
Persistent link: https://www.econbiz.de/10005840364
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Angleichung der Unternehmensverfassung in Europa - ein Forschungsprogramm
Schmidt, Reinhard H.; Grohs, Stefanie - Universität <Frankfurt, Main> / Fachbereich … - 1999
This paper discusses whether, in which respects, and to what extent the corporate governancesystems of Germany, the United Kingdom and France have already converged in the course ofEuropean economic integration, or are likely to converge in the foreseeable future. Wepresent, and attempt to...
Persistent link: https://www.econbiz.de/10005840358
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Path Dependence, Corporate Governance and Complementarity
Schmidt, Reinhard H.; Spindler, Gerald - 2000
In a series of recent papers, Mark Roe and Lucian Bebchuk have developed further the concept of path dependence, combined it with concepts of evolution and used it to challenge the wide-spread view that the corporate governance systems of the major advanced economies are likely to converge...
Persistent link: https://www.econbiz.de/10005840373
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Non-voting shares in France: An empirical analysis of the voting premium
Muus, Christian K. - 1998
It is the objective of this paper to determine the voting premium for French shares by comparing the values of voting and non-voting shares, and to analyze the value of the voting rights. The study uses data for 25 French companies which had both types of shares outstanding and traded on the...
Persistent link: https://www.econbiz.de/10005840385
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Finanzierungstheorie: Ein selektiver Überblick
Krahnen, Jan Pieter - 1998
Seit zwanzig Jahren befaßt sich die Finanzmarktforschung einerseits mit Fragen der Bewertung und des Managements von Finanztiteln auf effizienten Kapitalmärkten und mit Fragen der Managementkontrolle auf unvollkommenen Märkten. Der folgende selektive Überblick konzentriert sich auf zentrale...
Persistent link: https://www.econbiz.de/10005840398
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Financial Development, Economic Growth and Corporate Governance
Winkler, Adalbert - 1998
During the last years the relationship between financial development and economic growth has received widespread attention in the literature on growth and development. This paper summarises in its first part the results of this research, stressing the growth-enhancing effects of an increased...
Persistent link: https://www.econbiz.de/10005840401
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Corporate Governance: The Role of Other Constituencies
Schmidt, Reinhard H. - 1997
The paper discusses the role of various constituencies in the corporate governance of a corporation from the perspective of incomplete contracts. A strict shareholder value orientation in the sense of a rule that at any time firm decisions should be made strictly in the interest of the present...
Persistent link: https://www.econbiz.de/10005840426
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Finanzmärkte im Umbruch - Konsequenzen für die Unternehmensfinanzierung
Hartmann-Wendels, Thomas - Institut für Bankwirtschaft und Bankrecht an der … - 2001
Zur Finanzierung von Investitionsvorhaben sind Unternehmen im allgemeinen auf die Zuführung von Kapital durch externe Kapitalgeber angewiesen. Finanzierungsbeziehungen zwischen den Unternehmen als Nachfrager nach Kapital und den Investoren als Anbieter von Kapital können grundsätzlich auf...
Persistent link: https://www.econbiz.de/10005840630
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Privateigentum und Unternehmenskontrolle in Transformationswirtschaften
Wagener, Hans-Jürgen - 1997
Persistent link: https://www.econbiz.de/10005840633
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Insider Trading Legislation and Corporate Governance
Maug, Ernst - 1999
This paper deals with the impact of insider trading legislation on corporate governance.
Persistent link: https://www.econbiz.de/10005841035