TY  - UNPD
A1  - Hackethal, Andreas
A1  - Schmidt, Reinhard H.
A1  - Tyrell, Marcel
T1  - Banks and German corporate governance : on the way to a capital market-based system?
T2  - Universität Frankfurt am Main. Fachbereich Wirtschaftswissenschaften: [Working paper series / Finance and accounting] Working paper series, Finance & Accounting ; No. 146
N2  - 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.
T3  - Working paper series / Johann-Wolfgang-Goethe-Universität Frankfurt am Main, Fachbereich Wirtschaftswissenschaften : Finance & Accounting - 146 
KW  - Corporate Governance / Eigentümerstruktur / Universalbank / Finanzmarkt / Mitbestimmung / Deutschland
KW  - Corporate governance
KW  - banking system
KW  - co-determination
KW  - board of directors
KW  - complementarity
KW  - financial system
KW  - Deutschland
KW  - Bank
KW  - Kreditwesen
KW  - Corporate Governance
KW  - Kapitalmarkt
Y1  - 2005
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/3724
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-17599
EP  - 17
PB  - Univ., Fachbereich Wirtschaftswiss.
CY  - Frankfurt am Main
ER  -