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Does say on pay matter? : evidence from the German natural experiment

Troeger, Tobias H.; Walz, Uwe - 2016

This paper investigates the potential implications of say on pay on management remuneration in Germany. We try to shed … deploy a hand-collected data set for Germany's major firms (i.e. DAX 30), for the years 2006-2012. Rather than focusing …. We observe that the compensation packages of management board members of Germany's DAX30-firms are quite closely linked …

Persistent link: https://www.econbiz.de/10011436065

How weak is the weakest-link principle? : on the measurement of firm owners' control rights

Weichenrieder, Alfons J.; Edwards, Jeremy S. S. - 2004

The paper argues that the weakest link principle, which has been widely used as a measure of ultimate owners' control rights, has a number of serious problems. A theoretically more satisfactory method of measuring control rights, based on voting power indices, is proposed, and the different...

Persistent link: https://www.econbiz.de/10011450369

New evidence on ownership structures in Germany

Köke, F. Jens - 1999

Ownership structures are an important element of the theory explaining corporate governance. This study presents detailed descriptive evidence on the ownership structures of German manufacturing firms. It addresses several shortcomings of the previous German empirical literature: First, we study...

Persistent link: https://www.econbiz.de/10011443468

Product market competition, corporate governance and firm performance : an empirical analysis for Germany

Januszewski, Silke I.; Köke, F. Jens; Winter, Joachim - 1999

econometric analysis of firm performance in Germany. Based on a unique panel data set with detailed information on almost 400 … Germany's bank-based system of internal control, ownership concentration is harmful for productivity growth. …

Persistent link: https://www.econbiz.de/10011443499

Corporate monitoring by blockholders in Europe : empirical evidence of managerial disciplining in Belgium, France, Germany, and the UK

Dherment-Ferere, Isabelle; Köke, F. Jens; Renneboog, Luc - 2001

creditors play an active role in disciplining. Block purchases have a monitoring role in Belgium and Germany, but not in France …

Persistent link: https://www.econbiz.de/10011446114

Universal banks and relationships with firms

Elsas, Ralf; Krahnen, Jan Pieter - 2003

Some of the most widely expressed myths about the German financial system are concerned with the close ties and intensive interaction between banks and firms, often described as Hausbank relationships. Links between banks and firms include direct shareholdings, board representation, and proxy...

Persistent link: https://www.econbiz.de/10009765357

Labor in the boardroom

Jäger, Simon; Schoefer, Benjamin; Heining, Jörg - 2019

Persistent link: https://www.econbiz.de/10012207590

Corporate governance of banks : a German alternative to the "standard model"

Kotz, Hans-Helmut; Schmidt, Reinhard H. - 2017

The paper provides an overview and an economic analysis of the development of the corporate governance of German banks since the 1950s, highlighting peculiarities - as seen from the meanwhile prevailing standard model perspective - of the German case. These peculiarities refer to the specific...

Persistent link: https://www.econbiz.de/10011716996

Hostile stakes and the role of banks in German corporate governance

Jenkinson, Tim J.; Ljungqvist, Alexander P. - 1997

This paper uses clinical evidence to show how the German system of corporate control and governance is both more active and more hostile than has previously been suggested. It provides a complete breakdown of ownership and take-over defence patterns in German listed companies and finds highly...

Persistent link: https://www.econbiz.de/10011608338

Corporate Governance in Germany: An Economic Perspective

Schmidt, Reinhard H. - 2003

A financial system can only perform its function of channelling funds from savers to investors if it offers sufficient assurance to the providers of the funds that they will reap the rewards which have been promised to them. To the extent that this assurance is not provided by contracts alone,...

Persistent link: https://www.econbiz.de/10010331088

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