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Deutschland AG a. D.: Deutsche Bank, Allianz und das Verflechtungszentrum großer deutscher Unternehmen

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  • Beyer, Jürgen

Abstract

Der Begriff Deutschland AG dient als Bezeichnung für die enge Personen- und Kapitalverflechtung von deutschen Großunternehmen. Den Managern im Dichtezentrum dieses Verflechtungsnetzwerks wird ein Steuerungspotential zugeschrieben, das weit über die Unternehmens- bzw. Konzerngrenzen hinausreicht. Die Stabilität dieser typischen Eigenschaft der deutschen Wirtschaftsordnung wird u.a. auf das strategische Interesse am Erhalt von komparativen Vorteilen zurückgeführt, die dem deutschen koordinierten Kapitalismus zugeschrieben werden. In den letzten Jahren ist allerdings eine deutliche Reduzierung der Verflechtungsintensität bei deutschen Großunternehmen festzustellen. Anhand der traditionell am stärksten in das Verflechtungsnetzwerk integrierten Unternehmen Deutsche Bank und Allianz wird verdeutlicht, warum diese über extrem lange Zeiträume am Prinzip Deutschland AG festgehalten haben und wieso sie heute von dieser strategischen Orientierung abweichen. Die Fallstudien zeigen, dass die Strategieänderungen bei Deutscher Bank und Allianz auf Grund des Zusammenwirkens von Wettbewerbs- und Internationalisierungseffekten, Steuerrechtsänderungen und unternehmensspezifischen Faktoren möglich wurden.

Suggested Citation

  • Beyer, Jürgen, 2002. "Deutschland AG a. D.: Deutsche Bank, Allianz und das Verflechtungszentrum großer deutscher Unternehmen," MPIfG Working Paper 02/4, Max Planck Institute for the Study of Societies.
    • Handle: RePEc:zbw:mpifgw:024
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    Cited by:

    1. Mettenheim Kurt, 2013. "Back to Basics in Banking Theory and Varieties of Finance Capitalism," Accounting, Economics, and Law: A Convivium, De Gruyter, vol. 3(3), pages 357-405, May.
    2. Andreani, Ettore, 2003. "Corporate Control and the Financial System in Germany: Recent Changes in the Role of Banks," Thuenen-Series of Applied Economic Theory 37, University of Rostock, Institute of Economics.
    3. Lütz, Susanne, 2003. "Governance in der politischen Ökonomie," MPIfG Discussion Paper 03/5, Max Planck Institute for the Study of Societies.
    4. Bruce Kogut & Gordon Walker, 2003. "Restructuring or Disintegration of the German Corporate Network: Globalization as a Fifth Column," William Davidson Institute Working Papers Series 2003-591, William Davidson Institute at the University of Michigan.
    5. Höpner, Martin, 2003. "European corporate governance reform and the German party paradox," MPIfG Discussion Paper 03/4, Max Planck Institute for the Study of Societies.
    6. Deeg, Richard, 2005. "Complementarity and institutional change: How useful a concept?," Discussion Papers, Research Unit: Institutions, States, Markets SP II 2005-21, WZB Berlin Social Science Center.
    7. Höpner, Martin & Krempel, Lothar, 2003. "The politics of the German company network," MPIfG Working Paper 03/9, Max Planck Institute for the Study of Societies.

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