Is the German system of corporate governance converging towards the Anglo-American model?

被引：0

作者：

Goergen, Marc ^{[1
,2
]}

Manjon, Miguel C. ^{[3
,4
,5
]}

Renneboog, Luc ^{[6
,7
,8
]}

机构：

[1] Univ Sheffield, Management Sch, Finance, Sheffield, S Yorkshire, England

[2] ECGI, Sheffield, S Yorkshire, England

[3] Rovira I Virgili Univ, Dept Econ, Reus, Spain

[4] Netherlands Bur Econ Policy Anal, Reus, Spain

[5] Univ Warwick, Coventry, W Midlands, England

[6] Tilburg Univ & ECGI, Dept Finance, Corp Finance, NL-5000 LE Tilburg, Netherlands

[7] ECGI, Tilburg, Netherlands

[8] Tilburg Univ, Ctr Econ Res, NL-5000 LE Tilburg, Netherlands

来源：

JOURNAL OF MANAGEMENT & GOVERNANCE | 2008年 / 12卷 / 01期

关键词：

Convergence; Corporate governance; Germany;

D O I：

10.1007/s10997-007-9040-7

中图分类号：

C93 [管理学];

学科分类号：

12 ; 1201 ; 1202 ; 120202 ;

摘要：

This paper analyses whether the German corporate governance is converging towards Anglo-American practices. We summarise the extant empirical evidence on the various governance mechanisms that economic theory suggests ensure efficiency and describe recent legal developments. We find no clear signs of convergence in form, i.e. the main distinctive features of the German system have remained largely unaltered. However, changes occurred over the last decade (specially in the legal framework) suggest a certain convergence in function, i.e. some governance mechanisms have effectively incorporated aims and/or goals generally associated with the Anglo-American model.

引用

页码：37 / 71

页数：35

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