Work

Universal Banking,Allocation of Control Rights, and Corporate Finance in Germany

Year: 1998

Type: report

Abstract: Corporate governance practices differ greatly in the United States and Germany.This paper describes the main institutional features of the German corporate governance system, focusing on universal banks and codetermination.The paper also summarizes existing empirical evidence that has investigated how-and how well-this system works.

DOI: 10.20955/wp.1998.001

Authors: William R. Emmons, Frank A. Schmid

Institutions: Federal Reserve, Federal Reserve Bank of St. Louis

Language: English

Topic: Corporate Finance and Governance

Subfield: Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Peace, justice, and strong institutions

Open Access status: gold

OpenAlex ID: W1540260919

Cites: 37

Cited by: 13

Related to: 10