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.Germany ; Banks and banking

Frank A. Schmid

William R. Emmons

English

Research Papers in Economics

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Universal banking, allocation of control rights, and corporate finance in Germany

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Universal banking, allocation of control rights, and corporate finance in Germany

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