Konvergenz- und Wachstumseffekte der europäischen Regionalpolitik in Deutschland
AbstractThis paper uses German evidence to address two questions about corporate governance. The effects of ownership on corporate governance have received much recent attention, but very little of this has been devoted to the appropriate way to measure firm ownership. The results of this paper show that the conclusions reached about the effects of ownership on corporate governance can depend critically on the particular ownership measure used, and that the widely-used weakest-link principle is wholly unsatisfactory as a means of dealing with the issues raised by pyramid ownership structures. The paper also shows that greater ownership concentration typically weakens the link between managerial pay and firm profitability. This is inconsistent with the hypothesis, emphasised in the recent literature on the USA, that large owners are a complement to, rather than a substitute for, such a link.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University of Paderborn, CIE Center for International Economics in its series Working Papers with number 3.
Length: 16 pages
Date of creation: Jan 2007
Date of revision:
Contact details of provider:
Postal: Warburger Str. 100, 33098 Paderborn
Web page: http://www.uni-paderborn.de/fakultaeten/wiwi/department4/cie/
More information through EDIRC
Convergence; strucutral policy; EU;
Other versions of this item:
- Wolfgang Eggert & Maximilian von Ehrlich & Robert Fenge & Günther König, 2007. "Konvergenz- und Wachstumseffekte der europäischen Regionalpolitik in Deutschland," Perspektiven der Wirtschaftspolitik, Verein für Socialpolitik, vol. 8(2), pages 130-146, 03.
- NEP-ALL-2007-09-09 (All new papers)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Vinko Mu?tra & Lena Male?eviÃ¦ PeroviÃ¦ & Silvia Golem, 2013. "Social attitudes and regional inequalities," ERSA conference papers ersa13p678, European Regional Science Association.
- Mohl, Philipp & Hagen, Tobias, 2008. "Does EU Cohesion Policy Promote Growth? Evidence from Regional Data and Alternative Econometric Approaches," ZEW Discussion Papers 08-086, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- Mohl, P. & Hagen, T., 2010. "Do EU structural funds promote regional growth? New evidence from various panel data approaches," Regional Science and Urban Economics, Elsevier, vol. 40(5), pages 353-365, September.
- Christa Thoben & Hartmut Schauerte & Markus Pieper & Christoph M. Schmidt, 2008. "EU-Fördergelder: "Subventions-Hopping" oder sinnvolle Investitionsförderung - brauchen wir mehr Transparenz?," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 61(05), pages 03-15, 03.
- Marina Grusevaja & Toralf Pusch, 2011. "How does Institutional Setting Affect the Impact of EU Structural Funds on Economic Cohesion? New Evidence from Central and Eastern Europe," IWH Discussion Papers 17, Halle Institute for Economic Research.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (FB5-Info).
If references are entirely missing, you can add them using this form.