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dc.contributor.authorKöke, Jensen_US
dc.date.accessioned2009-02-16T14:54:30Z-
dc.date.available2009-02-16T14:54:30Z-
dc.date.issued1999en_US
dc.identifier.urihttp://hdl.handle.net/10419/24342-
dc.description.abstractOwnership structures are an important element of the theory explaining corporate governance. This study presents detailed descriptive evidence on the ownership structures of German manufacturing firms. It addresses several shortcomings of the previous German empirical literature: First, we study all legal forms of a Kapitalgesellschaft, firms that generally have a separation of ownership and control. We do not focus exclusively on the listed Aktiengesellschaft (AG) but include many non-listed firms. Second, we examine changes in the ownership structure. This is a new and important approach because these changes are frequently related to corporate performance. Third, we analyze the higher levels of ownership structures, i.e. ownership structures of the direct owners. Thereby we address an issue quant itatively which only recently became subject of empirical studies. Finally, we find that crossownership is of minor relevance in the German manufacturing sector. However, our measure of cross-ownership represents only a lower bound.en_US
dc.language.isoengen_US
dc.publisherZentrum für Europäische Wirtschaftsforschung (ZEW) Mannheim-
dc.relation.ispartofseriesZEW Discussion Papers 99-60en_US
dc.subject.jelG32en_US
dc.subject.ddc330en_US
dc.subject.keywordownership structureen_US
dc.subject.keywordcorporate governanceen_US
dc.subject.stwEigentümerstrukturen_US
dc.subject.stwKapitalgesellschaften_US
dc.subject.stwCorporate Governanceen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleNew evidence on ownership structures in Germanyen_US
dc.typeWorking Paperen_US
dc.identifier.ppn305311883en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zewdip:5273-
Appears in Collections:Publikationen von Forscherinnen und Forschern des ZEW
ZEW Discussion Papers

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