Financial valuation of the German model: the negative relationship between ownership concentration and stock market returns, 1997-2001
Believed to be a robust alternative to Anglo-American market capitalism, the virtues of the German model are increasingly disputed as doubts are raised about its long-term prospects. At the core of the German model is a system of corporate governance that is characterized by concentrated ownership a...
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| Natura: | Journal article |
| Lingua: | English |
| Pubblicazione: |
Clark University, MA, USA
2005
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