TY  - UNPD
A1  - Baums, Theodor
A1  - Scott, Kenneth E.
T1  - Taking shareholder protection seriously? : Corporate governance in the United States and Germany
T2  - Working paper series / Johann-Wolfgang-Goethe-Universität, Institute for Law and Finance ; 16
N2  - The attitude expressed by Carl Fuerstenberg, a leading German banker of his time, succinctly embodies one of the principal issues facing the large enterprise – the divergence of interest between the management of the firm and outside equity shareholders. Why do, or should, investors put some of their savings in the hands of others, to expend as they see fit, with no commitment to repayment or a return? The answers are far from simple, and involve a complex interaction among a number of legal rules, economic institutions and market forces. Yet crafting a viable response is essential to the functioning of a modern economy based upon technology with scale economies whose attainment is dependent on the creation of large firms.
T3  - Working paper / Johann-Wolfgang-Goethe-Universität, Institut for Law and Finance - 16 
Y1  - 2003
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/4634
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-8613
UR  - http://www.ilf-frankfurt.de/uploads/media/ILF_WP_016.pdf
PB  - Inst. for Law and Finance
CY  - Frankfurt am Main
ER  -