IDEAS home Printed from https://ideas.repec.org/p/fth/amiger/14.html
   My bibliography  Save this paper

The German System of Corporate Governance - A Model Which Should Not Be Imitated

Author

Listed:
  • Wenger, E
  • Kaserer, C

Abstract

It has been discussed for a long time how managers of large corporations can be induced to act in the best interest of owners. According to conventional wisdom the related agency problems are much less important in Germany than in the UK or US. It is widely believed that industrial companies in Germany often have large blockholders, especially banks, which are toughly monitoring the management of their portfolio companies. It will be shown that this conventional wisdom is the result of a fundamental misunderstanding.

Suggested Citation

  • Wenger, E & Kaserer, C, 1997. "The German System of Corporate Governance - A Model Which Should Not Be Imitated," Papers 14, American Institute for Contemporary German Studies-.
    • Handle: RePEc:fth:amiger:14
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    BUSINESS ORGANIZATION ; GERMANY;

    JEL classification:

    • D21 - Microeconomics - - Production and Organizations - - - Firm Behavior: Theory
    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fth:amiger:14. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Thomas Krichel (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.