Works councils are an inherent part of the German economic and social system. An analysis of the prevalence of works councils in Germany reveals that they are not uniformly distributed across all types of businesses. Works councils occur less frequently in owner-managed businesses - regardless...

A survey conducted by the Center for Entrepreneurial and Financial Studies (CEFS) at Technische Universität München in cooperation with the chamber of commerce (IHK) for Munich and Oberbayern showed that mid-sized businesses show great interest in private equity. However, nearly 60% of the 266...