Resource title

Banks and German Corporate Governance : On the Way to a Capital Market-Based System?

Resource image

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Resource description

The German corporate governance system has long been cited as the standard example of an insider-controlled and stakeholder-oriented system. We argue that despite important reforms and substantial changes of individual elements of the German corporate governance system the main characteristics of the traditional German system as a whole are still in place. However, in our opinion the changing role of the big universal banks in the governance undermines the stability of the corporate governance system in Germany. Therefore a breakdown of the traditional system leading to a control vacuum or a fundamental change to a capital market-based system could be in the offing.

Resource author

Andreas Hackethal, Reinhard H. Schmidt, Marcel Tyrell

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/23411

Resource license

Adapt according to the presented license agreement and reference the original author.