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Many companies in Germany must provide information beyond financial figures in their annual reports. For some years now, legislators have increasingly required information on non-financial aspects, such as the shares of women in leadership positions. Using a quantitative text analysis of annual...
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Spitzenführungskraft? - Ist der Unternehmenserfolg vor und nach dem Wechsel abhängig vom Anlaß des Wechsels? - Beeinflussen … Spitzenführungskräfte in dieser turbulenten Wechselsituation den Unternehmenserfolg durch Bilanzpolitik? - In welchen Situationen wird … welche Art von Nachfolger an der Unternehmensspitze gewählt und welche Konsequenzen hat diese Wahl für den Unternehmenserfolg …
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This paper analyses the German corporate law reform's effect on the publicly listed companies' ownership and performance. First, theoretically plausible implications of the most important laws that were issued 1990-2009 are provided, then an empirical analysis using 1997-2008 panel data...
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Family firms are an important phenomenon of the German capital market. We analyse the broadest market segment of the German Stock Exchange, the CDAX, for the years 1998 to 2008. According to a founding-family definition almost half of all CDAX-listed non-financial firms in Germany can be...
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We analyze the role of bankers on the boards of German non-financial companies for the period from 1994 to 2005. We find that banks that are represented on a firm's board promote their own business as lenders and as M&A advisors. They also seem to act as financial experts who help firms to...
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