Goergen, Marc ![]() |
Official URL: http://dx.doi.org/10.1007/s10997-007-9040-7
Abstract
This paper analyses whether the German corporate governance is converging towards Anglo-American practices. We summarise the extant empirical evidence on the various governance mechanisms that economic theory suggests ensure efficiency and describe recent legal developments. We find no clear signs of convergence in form, i.e. the main distinctive features of the German system have remained largely unaltered. However, changes occurred over the last decade (specially in the legal framework) suggest a certain convergence in function, i.e. some governance mechanisms have effectively incorporated aims and/or goals generally associated with the Anglo-American model.
Item Type: | Article |
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Date Type: | Publication |
Status: | Published |
Schools: | Business (Including Economics) |
Subjects: | H Social Sciences > H Social Sciences (General) H Social Sciences > HB Economic Theory H Social Sciences > HD Industries. Land use. Labor H Social Sciences > HF Commerce H Social Sciences > HG Finance J Political Science > JN Political institutions (Europe) |
Uncontrolled Keywords: | Convergence ; Corporate governance ; Germany |
Publisher: | Springer |
ISSN: | 1385-3457 |
Last Modified: | 19 Oct 2022 08:47 |
URI: | https://orca.cardiff.ac.uk/id/eprint/19051 |
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