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This paper analyzes the determinants of the German corporate governance rating recently developed by Drobetz, Schillhofer, and Zimmermann (2004). We find a non- linear relationship between ownership concentration and the quality of firmlevel corporate governance as measured by the rating. Firms...
Persistent link: https://www.econbiz.de/10011570371
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...
Persistent link: https://www.econbiz.de/10013133571
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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. Stimmrechtsblöcken auf den Unternehmenswert ist bisher jedoch weder theoretisch noch empirisch eindeutig geklärt. Franca Ruhwedel nimmt …. Stimmrechtsstruktur deutscher Aktiengesellschaften und dem Unternehmenserfolg vor. Sie analysiert zunächst die Anreizstrukturen von … Rahmen einer empirischen Untersuchung, die den Einfluss der Eigentümer- und Stimmrechtsstruktur auf den Unternehmenserfolg …
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