Hostile Stakes and the Role of Banks in German Corporate Governance.
This paper uses clinical evidence to show how the German system of corporate control and governance is both more active and more hostile than has previously been suggested. It provides a complete breakdown of ownership and takeover defence patterns in German listed companies and finds highly fragmen...
| Main Authors: | , |
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| Format: | Working paper |
| Language: | English |
| Published: |
CEPR
1997
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