Universal banking, control rights, and corporate finance in Germany

William Emmons and Frank A. Schmid

Review, 1998, issue Jul, No v. 80 no. 4, 19-42

Abstract: This article describes the most important corporate governance practices in contemporary Germany. These practices include a prominent role for universal banks, other large financial and non-financial firms, and employees through a system known as codetermination. While some similarities exist, many features of corporate governance in Germany differ greatly from those found in the United States. This article provides historical background and a review of the existing empirical evidence on these topics.

Keywords: Germany; Corporations - Finance (search for similar items in EconPapers)
Date: 1998
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Citations: View citations in EconPapers (25)

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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedlrv:y:1998:i:jul:p:19-42:n:v.80no.4

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