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first corroborate former results indicating that the accrual anomaly is also present in Germany. However, this anomaly seems …
Persistent link: https://www.econbiz.de/10010305701
Germany's capital market relies on bank-intermediated products and not so much on capital market processes. Two of the … pillars in Germany's three-pillar banking system, the savings banks and the cooperative banks, have special statutes and are … through their holdings and their votes in the supervisory board in Germany's two-tier system of corporate governance. In this …
Persistent link: https://www.econbiz.de/10010265410
governance system in Germany. Therefore a breakdown of the traditional system leading to a control vacuum or a fundamental change …
Persistent link: https://www.econbiz.de/10010316087
börsennotierten Aktiengesellschaften in Deutschland zeigt erstmals, dass sich nur eine verschwindende Minderheit zur Bevorzugung der …
Persistent link: https://www.econbiz.de/10011315035
Der Aufsatz leistet einen Beitrag zur Diskussion um zusätzliche Beschränkungen der Beteiligung und Mitwirkung von Investoren an Aktiengesellschaften. Teil 1 stellt die Diskussion um die Beteiligung ausländischer Staatsfonds und die Einflussnahme von Hedge Fonds an deutschen Unternehmen in den...
Persistent link: https://www.econbiz.de/10010266968
Within the context of debates over national varieties of capitalism, this paper discusses the shareholder value orientation of the 40 largest listed German companies. Three dimensions of shareholder value are distinguished: the communicative dimension, the operative dimension and the dimension...
Persistent link: https://www.econbiz.de/10010303877
= -1 to t = 0). In addition, we find that the wealth effects of PE investor involvement in Germany are positively related …
Persistent link: https://www.econbiz.de/10010305716
Basierend auf einem neuen, die deutschen Prime-Standard-Unternehmen für die Jahre 2005 bis 2007 umfassenden Datensatz untersuchen wir die Determinanten der Höhe der Vorstandsvergütung. Dabei unterscheiden wir drei Kategorien möglicher Einflussfaktoren: Unternehmens-, Performance- und...
Persistent link: https://www.econbiz.de/10010305722
This paper uses clinical evidence to show how the German system of corporate control and governance is both more active and more hostile than has previously been suggested. It provides a complete breakdown of ownership and take-over defence patterns in German listed companies and finds highly...
Persistent link: https://www.econbiz.de/10011608338
A financial system can only perform its function of channelling funds from savers to investors if it offers sufficient assurance to the providers of the funds that they will reap the rewards which have been promised to them. To the extent that this assurance is not provided by contracts alone,...
Persistent link: https://www.econbiz.de/10010331088