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Contemporary bank governance is criticized for manager-dominated (insider) boards of directors, but from the beginning of the nineteenth century, bank presidents appear also to have operated as chairmen of the boards of directors. However, the managers were constrained by a variety of rules that...
Persistent link: https://www.econbiz.de/10011396829
In recent years, a large academic debate has tried to explain the rapid rise in CEO pay experienced over the past three decades. In this article, I review the main proposed theories, which span views of compensation as the result of a competitive labor market for executives to theories based on...
Persistent link: https://www.econbiz.de/10010264485
monitoring incentives of shareholders, and reduced the discretionary power of executives in Germany. Pay-performance sensitivity …
Persistent link: https://www.econbiz.de/10010264840
coal mining corporations. We focus on coal mining in the Ruhr district, Germany's main mining area. We use stochastic …
Persistent link: https://www.econbiz.de/10010264842
This paper develops a new insight enabling the empirical study of media capture: minority shareholders of newspapers and readers face similar risks. Both are adversely affected when corrupt insiders use the newspaper for personal profit and receive invisible revenues. This means that relevant...
Persistent link: https://www.econbiz.de/10010316814
The following paper attempts to trace the construction of the standard employment contract in Germany from the … consolidation of the welfare state, this type of employment was reinforced in Germany in the 20th century and finally developed into …
Persistent link: https://www.econbiz.de/10010269080
This article examines the role of business in the historical development of job security regulations in Germany from …
Persistent link: https://www.econbiz.de/10010269936
The 1953 London Debt Agreement settled Germany's debts from the period between the two world wars, and allowed the … percent and gave the debtors a much longer period to repay. One interesting clause in the Agreement allowed Germany to … problems that would arise with making any part of the Agreement contingent on events Germany could influence. Recent advocates …
Persistent link: https://www.econbiz.de/10010369208
Mir geht es in dem vorliegenden Beitrag darum, den "wunderlichen" Prozess des politischen Sieges einer bestimmten Form des Wirtschaftsliberalismus in der deutschen Nachkriegszeit zu untersuchen. Diesbezüglich sind Erhards Reden zur Wirtschaftspolitik und dabei seine publizistische Aufarbeitung...
Persistent link: https://www.econbiz.de/10010296182
Microfinance is not a recent development, and neither is the development of regulation and supervision of microfinance institutions (MFIs). Every now developed country has its own history of microfinance. It is important to recognize this because it presents a view different from that of many in...
Persistent link: https://www.econbiz.de/10010297106