Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/24342 
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dc.contributor.authorKöke, Jensen
dc.date.accessioned2009-02-16T14:54:30Z-
dc.date.available2009-02-16T14:54:30Z-
dc.date.issued1999-
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
dc.language.isoengen
dc.publisher|aZentrum für Europäische Wirtschaftsforschung (ZEW) |cMannheimen
dc.relation.ispartofseries|aZEW Discussion Papers |x99-60en
dc.subject.jelG32en
dc.subject.ddc330en
dc.subject.keywordownership structureen
dc.subject.keywordcorporate governanceen
dc.subject.stwEigentümerstrukturen
dc.subject.stwKapitalgesellschaften
dc.subject.stwCorporate Governanceen
dc.subject.stwSchätzungen
dc.subject.stwDeutschlanden
dc.titleNew evidence on ownership structures in Germany-
dc.typeWorking Paperen
dc.identifier.ppn853809186en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:zewdip:5273en

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