We empirically study the use of value-based management systems in listed German firms and examine implications for firms' stock market performance. Using a novel, hand-collected data set covering 1,083 firm years from 2002 to 2008, we find that value-based management systems become increasingly...

We empirically study the use of value-based management systems in listed German firms and examine implications for firms' stock market performance. Using a novel, hand-collected data set covering 1,083 firm years from 2002 to 2008, we find that value-based management systems become increasingly...

This research analyses the improvements to corporate governance within Japanese listed companies and the influence of institutional shareholders. Firstly, in order to analyse the external factors that have promoted the recent corporate governance reform, the report starts with an overview of the...

This study investigates how debt maturity structure is influenced by the strength of shareholder rights. The empirical evidence reveals an inverse relation between the strength of shareholder rights and debt maturity. We contend that managers of firms with weak shareholder rights eschew choosing...

Diese Studie untersucht die Akzeptanz der Empfehlung 4.2.3 Abs. 4 S. 1 Deutscher Corporate Governance Kodex zwischen 2010 und 2014 bei allen CDAX-Unternehmen. Dazu wurden die Entsprechenserklärungen ausgewertet, Entsprechens- und Abweichungsquoten bestimmt, Abweichungsgründe ermittelt und...

Due to the numerous corporate scandals during the late 90s, in September 2001 the German Ministry of Justice appointed the "Government Commission German Corporate Governance Code" to develop a code of best practice. The first version of the German Corporate Governance Code was passed at February...

Im Juni 2012 wurde die zehnte Fassung des Deutschen Corporate Governance Kodex (DCGK) im Bundesanzeiger veröffentlicht. Der vorliegenden Beitrag analysiert und bewertet systematisch und umfassend die Akzeptanz des Kodex und das Complianceverhalten der durch den DCGK adressierten...

Die Studie analysiert und bewertet systematisch und umfassend die Akzeptanz der aktuellen, zehnten Fassung des Deutschen Corporate Governance Kodex (DCGK) durch DAX- und MDAX-Gesellschaften anhand der durch §161 AktG vorgeschriebenen Entsprechenserklärungen. Analysiert wird das grundsätzliche...