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The purpose of this study is to extend the current understanding of business divestiture by investigating its potential for triggering strategic reorientation. A divestiture involving strategic reorientation is here denoted as a strategic business exit, otherwise it is a status quopreserving...
Persistent link: https://www.econbiz.de/10003634737
draw on a proprietary data set with detailed financials of all 457 regional savings banks in Germany, which have been …
Persistent link: https://www.econbiz.de/10003784009
This study focuses on ex ante performance of domestic and foreign takeover targets in Germany, one of the most … between foreign and domestic targets. -- Foreign ownership ; Germany ; acquisition ; firm performance ; services ; inward FDI …
Persistent link: https://www.econbiz.de/10009530270
This study provides the first comparative evidence of foreign and domestic acquisitions in Germany. A propensity score … Germany which find significant productivity improvements and no changes in terms of employment. These findings are of … particular interest to Germany as one of the most important FDI in ow destinations worldwide. They contribute to the foreign …
Persistent link: https://www.econbiz.de/10009613256
Shleifer and Vishny (1997) theories of optimal ownership dispersion level, our findings indicate that Germany has already …
Persistent link: https://www.econbiz.de/10013133571
CDAX-listed non-financial firms in Germany can be classified as family firms. They also represent about one third of all …
Persistent link: https://www.econbiz.de/10013155464
The question of whether or not mergers and acquisitions have helped to enhance banks' efficiency and profitability has not yet been conclusively resolved in the literature. We argue that this is partly due to the severe methodological problems involved. In this study, we analyze the effect of...
Persistent link: https://www.econbiz.de/10012989277
This paper analyzes the determinants of the German corporate governance rating recently developed by Drobetz, Schillhofer, and Zimmermann (2004). We find a non- linear relationship between ownership concentration and the quality of firmlevel corporate governance as measured by the rating. Firms...
Persistent link: https://www.econbiz.de/10011570371
This paper examines the economic determinants that lead German firms to adopt value-based management and control systems (VBMSs). Further, we investigate whether firms' operating performance improves after VBMS adoption. Using a hand-collected data set of German listed firms covering 1,575...
Persistent link: https://www.econbiz.de/10012949617
This paper examines the effect of Corporate Governance (CG) on firms' performance and earnings management. Data has been collected from German companies listed on Frankfurt stock exchange. Board characteristics are used as the proxy for it, while performance is measured using the return on...
Persistent link: https://www.econbiz.de/10013031462