The Changing Role of Banks and Corporate Governance in Germany: Evolution Towards the Market?

Y Schroder and A Schrader

Working Papers from American Institute for Contemporary German Studies-

Abstract: The crucial difference between the German and the Anglo-American system of corporate control is not the influence of the banks, but the different role played by capital markets and company boards. Banks in Germany have begun to reduce their role in corporate governance, particularly with respect to shareholdings and representation on supervisory boards, and this will continue.

Keywords: BANKS; CENTRAL BANKS; GERMANY (search for similar items in EconPapers)
JEL-codes: E58 G21 (search for similar items in EconPapers)
Date: 1997

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