Zusammenfassung Im Selbstbild von Kreditgenossenschaften richten diese ihre Unternehmensführung an nachhaltigen Prinzipien und Werten aus. Dennoch werden diese Wesensmerkmale im induzierten Fremdbild extern jedoch häufig nur bedingt wahrgenommen. Dieser Beitrag befasst sich daher mit der...

Internal audit (IA) is theoretically considered a key element of modern corporate governance. Surprisingly, the existing knowledge on IA and its relation to the internal corporate governance structure is miscellaneous and rare. Consequently, empirical findings on the internal audit function...

Purpose – This paper aims to provide insight whether disclosed compliance with the German Corporate Governance Code (GCGC) leads to higher valuation on the German stock market.Design/methodology/approach – Based on agency theory, stakeholder theory and institutional theory the authors...

The financial crisis has led to a loss of trust towards corporate governance quality and the balance of the European financial market. This became also apparent for Germany. In Germany financial companies' compliance with the German Corporate Governance Code (GCGC) represents a basic standard...

This paper focuses on audit market concentration of listed firms which is characterized by an oligopoly of “Big Four” audit firms. Hence a state of the art analysis of the status quo of concentration measurement has been conducted on the audit market from an international perspective....

This article discusses the interdiction of combining audit and not audit services by the external auditor, which the EU Commission (EC) is presently discussing as reform measures in its regulation draft of November 30, 2011. According to an agency-theoretical definition of the auditor's function...