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Germany's bank-based system of internal control, ownership concentration is harmful for productivity growth. …Productivity growth has been slow in many continental European countries over the last few decades, especially in … econometric analysis of firm performance in Germany. Based on a unique panel data set with detailed information on almost 400 …
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The financial crisis of 2007-08 has stressed the importance of a sound financial system. Unlike other studies weighing the pros and cons of market versus bank-based systems, this paper investigates whether the main elements of the German financial system can be regarded as complementary and...
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The postwar system of corporate governance in Germany is being threatened by the failure of some industries to maintain …
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competition and financial pressure on German firm productivity. Additionally, we are interested in the influence of ownership … identity and changes in ownership structure. We also test whether the specificity of assets affects productivity performance … has a positive influence on firm productivity. There is also some evidence for a discipline-of-debt effect. Interestingly …
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