We study the empirical relation between audit fees and governance mechanisms in Germany. Using data from German listed … companies, we examine the German governance setting with its two-tier board system. Various model specifications control for … potential endogeneity of the governance variables. We identify two major findings. First, we find that performance …

Is Islam compatible with democracy? While recent developments in Northern Africa and the Middle East have added new … that Islam is fundamentally incompatible with democratic institutions (the clash-of-civilizations view) with a … Muslim world, also analyzing potential causes -- rooted in Islam or otherwise -- of a failure of democracy to deliver. We …

will focus on the question whether within the German supervisory law, within the rules for corporate governance or within … sharing, in the context of Corporate Governance. We will answer the question whether these stakeholders should have a …