Working Paper
Universal banking, allocation of control rights, and corporate finance in Germany
Abstract: Corporate 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.
Keywords: Germany; Banks and banking;
Status: Published in Federal Reserve Bank of St. Louis Review, July/August 1998, 80(4), pp. 19-42
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Working Papers
Publication Date: 1998
Number: 1998-001