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The paper investigates the impact of corporate governance on the performance of 361 German corporations over the time period 1991 to 1996. We find ownership concentration to affect profitability significantly negatively. Representation of owners on the board of executive directors does not make...
Persistent link: https://www.econbiz.de/10010324052
In this paper, we use a production function approach to examine the impact of ownership concentration, product market competition and financial pressure on German firm productivity. Additionally, we are interested in the influence of ownership identity and changes in ownership structure. We also...
Persistent link: https://www.econbiz.de/10010377538
Although there has been an intensive debate on the relative merits of different sys-tems of corporate governance, empirical evidence on the link between corporate governance andfirm performance almost exclusively refers to the market-oriented Anglo-Saxon system. This papertherefore investigates...
Persistent link: https://www.econbiz.de/10005859277
Persistent link: https://www.econbiz.de/10003757882
Persistent link: https://www.econbiz.de/10003613489
The paper investigates the impact of corporate governance on the performance of 361 German corporations over the time period 1991 to 1996. We find ownership concentration to affect profitability significantly negatively. Representation of owners on the board of executive directors does not make...
Persistent link: https://www.econbiz.de/10011543885
In this paper, we use a production function approach to examine the impact of ownership concentration, product market competition and financial pressure on German firm productivity. Additionally, we are interested in the influence of ownership identity and changes in ownership structure. We also...
Persistent link: https://www.econbiz.de/10010493789
Persistent link: https://www.econbiz.de/10010493791
Persistent link: https://www.econbiz.de/10009567531
Using a panel data set of 361 German corporations for the period 1991 to 1996 we test the hypothesis that firms with more efficient governance structures have higher profitability. To determine efficiency we compare firms with respect to ownership concentration, the identity of owners, capital...
Persistent link: https://www.econbiz.de/10010261490