In the aftermath of the financial crisis, governments and regulators intended to strengthen financial stability by changing the regulatory architecture of banking and financial markets. One of the issues widely discussed was the question of whether the universal banking model, i.e. the...

Stakeholder-, Shareholder Value und Corporate Governance gelten seit den 90er Jahren als zentrale Wirtschaftsbegriffe des globalen Kapitalismus. Ihre Bedeutung aus finanzsoziologischer Sicht ist jedoch weitgehend unerforscht. Vor dem Hintergrund der strukturellen Wandlungen im globalen...

Finance theory does not provide a comprehensive framework for explaining risk management within the imperfect financial environment in which firms operate. Corporate managers, however, rank risk management as one of their most important objectives. Therefore, it is not surprising that papers on...