The current financial crisis has intensified the discussion around buyouts and the related value creation of financial investors. Richard K. Lenz analyses how LBOs evolve after the financial investors have exited. Based on three case studies of former LBOs in Germany, he shows that performance...

The structural diversity of the German banking market and the associated variety of business models is thought to have been an important factor in the stability of the German banking market in recent decades. This diversity is manifested both in the three-pillar structure of the German banking...

Corporate Governance und ihre Verankerung in entsprechenden Codizes sind zu einem viel und kontrovers diskutierten Thema in der betriebswirtschaftlichen Theorie, in der unternehmerischen Praxis, aber auch in der Politik geworden. Die Anreize formeller Verhaltensregeln für die am...