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Der vorliegende Aufsatz untersucht den Einfluss von Aufsichtsratsvernetzungen auf die Entwicklung der Vorstandsbezüge von DAX-Unternehmen. Die kombinierte Anwendung von Methoden der sozialen Netzwerkanalyse und der Panelökonometrie erleichtert die Erfassung der Struktur der...
Persistent link: https://www.econbiz.de/10010298046
In an efficient economy, capital should be quickly (re)allocated from declining firms and sectors to more profitable investment opportunities. This process is affected by the concentration of corporate control, which in turn is affected by market institutions. We employ a panel of 12,000 firms...
Persistent link: https://www.econbiz.de/10010263865
The literature on ownership structures made continual use of notions such as cross-holdings and pyramids which are closely related to the vastly increasing network literature. We propose to transfer successfully applied network methods to the corporate control and corporate governance branch as...
Persistent link: https://www.econbiz.de/10010266862
The paper investigates the impact of ownership concentration on GDP growth, for a sample of 18 OECD countries over the period 1980 to 2004. The econometric analysis shows that more concentrated ownership can speed up growth, for countries approaching the technological frontier, provided that...
Persistent link: https://www.econbiz.de/10010268652
This paper uses a large cross-country survey of business firms to assess their influence on government policies. It is found that influence is associated with larger, government-owned firms that have a high degree of ownership concentration. In contrast, foreign ownership matters little. It is...
Persistent link: https://www.econbiz.de/10010278305
The paper briefly sketches alternative models of dealing with principal-agent problems and compares major characteristics of bank-oriented versus marketoriented systems of corporate governance. The ownership structure in Germany is contrasted with evidence for other industrial countries. This...
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