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

共 29 条

[21] Banks and German Corporate Governance: on the way to a capital market-based system? [J].

Hackethal, A ;

Schmidt, RH ;

Tyrell, M .

CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW, 2005, 13 (03) :397-407

[22] The Danish Corporate Governance System: from stakeholder orientation towards shareholder value [J].

Rose, C ;

Mejer, C .

CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW, 2003, 11 (04) :335-344

[23] The forgotten managing agency system: a nineteenth century model of Indian corporate governance [J].

Ray, Kamal Ghosh .

SOCIAL RESPONSIBILITY JOURNAL, 2009, 5 (01) :112-122

[24] The question of institutional continuities in the German corporate governance system. Answer to Martin Hopner and Gregory Jackson [J].

Heinze, T .

KOLNER ZEITSCHRIFT FUR SOZIOLOGIE UND SOZIALPSYCHOLOGIE, 2002, 54 (02) :369-+

[25] The German system of corporate governance between persistence and convergence.: Reply to Thomas!Heinze in KZfSS 4/2001 [J].

Höpner, M ;

Jackson, G .

KOLNER ZEITSCHRIFT FUR SOZIOLOGIE UND SOZIALPSYCHOLOGIE, 2002, 54 (02) :362-+

[26] Transformation des deutschen Unternehmenskontroll-Systems?Eine empirische Analyse zum Stellenwert der feindlichen Übernahme der Mannesmann-AG für die Unternehmenskontroll-DebatteTransformation of the German corporate governance system?An empirical investigation of the importance of the hostile takeover of Mannesmann with regard to the German corporate governance debate [J].

Thomas Heinze .

KZfSS Kölner Zeitschrift für Soziologie und Sozialpsychologie, 2001, 53 :641-674

[27] A TWO-TIER OR ONE-TIER BOARD MODEL? THE NEED FOR CHANGE IN THE POLISH SYSTEM OF CORPORATE GOVERNANCE [J].

Bohdanowicz, Leszek ;

Jezak, Jan .

NEW CHALLENGES OF ECONOMIC AND BUSINESS DEVELOPMENT - 2016, 2016, :125-135

[28] Proposed Corporate Governance System for Nigeria: Market-Based vs. Institutionally-Based Model [J].

Odewale, Robert W. ;

Kamardin, Hasnah ;

Salim, Basariah .

PROCEEDINGS OF THE INTERNATIONAL CONFERENCE ON ACCOUNTING STUDIES (ICAS) 2016, 2016, :23-28

[29] The question of institutional continuities in the German corporate governance system. Answer to Martin Höpner and Gregory Jackson [Die frage der institutionellen kontinuitäten im Deutschen unternehmenskontroll-system. Antwort auf die replik von Martin Höpner und Gregory Jackson] [J].

Heinze T. .

KZfSS Kölner Zeitschrift für Soziologie und Sozialpsychologie, 2002, 54 (2) :369-372+416

← 1 2 3 →