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How weak is the weakest-link principle? : on the measurement of firm owners' control rights
Weichenrieder, Alfons J.; Edwards, Jeremy S. S. - 2004
voting power indices, is proposed, and the different measures are compared using a sample of large listed German firms. The …
Persistent link: https://www.econbiz.de/10011450369
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German Corporate Law Reform's Impact on Publicly Listed Companies' Performance Through Changes in Ownership Concentration
Pakamore, Mantas - 2011
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
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Control transfers in corporate Germany : their frequency, causes and consequences
Köke, F. Jens - 2001
This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency of block trading is similar to other countries, and the vast majority of block trades leads to changes in ultimate ownership (control transfers). Such changes are more likely...
Persistent link: https://www.econbiz.de/10011445220
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Determinants of acquisition and failure : stylized facts and lessons for empirical studies
Köke, F. Jens - 2001
This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also offers important lessons for the design of empirical studies. We show that firms experiencing failure or acquisition are significantly different from surviving firms on a number of...
Persistent link: https://www.econbiz.de/10011446202
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Index Fund and ETF Ownership and the German Market for Corporate Control
Dobmeier, Ludwig - 2019
If a bidder launches a takeover offer for a listed company being part of a stock market index, then index funds and …. This paper analyzes the impact of index fund and ETF ownership on the success of takeover offers in Germany. Based on a … sample of 323 takeover offers of publicly listed German companies between 2006 and 2018, we document a significant negative …
Persistent link: https://www.econbiz.de/10012864050
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The German Law of and Experience with the Supervisory Board
Hopt, Klaus J. - 2017
Persistent link: https://www.econbiz.de/10012970191
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Comparative Corporate Governance
Fleckner, Andreas Martin - 2015
The business corporation is one of the greatest organizational inventions. But it creates risks for both shareholders and third parties. To mitigate these risks, legislators, judges, and corporate lawyers have tried to learn from experiences in other jurisdictions and adapt their regulatory...
Persistent link: https://www.econbiz.de/10013035301
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The German Law of and Experience with the Supervisory Board
Hopt, Klaus J. - 2017
Persistent link: https://www.econbiz.de/10012941838
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Value Relevance of Mergers Blocked by Shareholder Lawsuits According to the German Stock Corporation Act : An Event Study
Labrenz, Helfried - 2014
voting power of minority shareholders and create incentives to use the real option inefficiently. Therefore, the majority …
Persistent link: https://www.econbiz.de/10013058808
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Corporate Governance in Germany : system and current developments
Baums, Theodor - 2005
The paper describes the system and current developments of corporate governance in Germany. The two-tier-system, the co-determination regime and other control devices are explained shortly. The paper focuses then on the new legislation on corporate governance which entered into force on May 1,...
Persistent link: https://www.econbiz.de/10012743913