Universal banking, allocation of control rights, and corporate finance in Germany
AbstractCorporate governance practices differ greatly in the United States and Germany. This paper describes the main institutional features of the German corporate governance system, focusing on universal banks and codetermination. The paper also summarizes existing empirical evidence that has investigated how- and how well- this system works.
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Bibliographic InfoPaper provided by Federal Reserve Bank of St. Louis in its series Working Papers with number 1998-001.
Date of creation: 1998
Date of revision:
Publication status: Published in Federal Reserve Bank of St. Louis Review, July/August 1998, 80(4), pp. 19-42
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