New evidence on ownership structures in Germany / F. Jens Köke
Resource type: Ressourcentyp: BuchBookLanguage: English Series: Discussion paper ; 99,60 : International financePublisher: Mannheim : ZEW, 1999Description: 33 S. : 6 graph. DarstSubject(s): Genre/Form: Additional physical formats: Erscheint auch als: New evidence on ownership structures in Germany. Online-Ausgabe Mannheim : ZEW, 1999. 1 Online-Ressource (circa 34 Seiten)Summary: 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 all legal forms of a Kapitalgesellschaft, firms that generally have a separation of ownership and control. We do not focus exclusively on the listed Aktiengesellschaft (AG) but include many non-listed firms. Second, we examine changes in the ownership structure. This is a new and important approach because these changes are frequently related to corporate performance. Third, we analyze the higher levels of ownership structures, i.e. ownership structures of the direct owners. Thereby we address an issue quant itatively which only recently became subject of empirical studies. Finally, we find that crossownership is of minor relevance in the German manufacturing sector. However, our measure of cross-ownership represents only a lower bound.Call number: Grundsignatur: 2001 B 201PPN: PPN: 1151621242| Item type | Home library | Shelving location | Call number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Magazinbestand ausleihbar | Bibliothek Campus Süd | Geschlossenes Magazin | 2001 B 201 | Available | 09043065680 |
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