全球智库信息集成服务系统(G2TT): Hostile Stakes and the Role of Banks in German Corporate Governance

G2TT

来源类型	FEEM working papers "Note di lavoro" series
规范类型	论文
	Hostile Stakes and the Role of Banks in German Corporate Governance
	Tim Jenkinson; A. Ljungqvist
发表日期	1997
出处	Economy and Society
出版年	1997
语种	英语
摘要	This paper uses clinical evidence to show how the German system of corporate control and governance is both more active and more hostile than has previously been suggested. It provides a complete breakdown of ownership and take-over defence patterns in German listed companies and finds highly fragmented (but not dispersed) ownership in non-majority controlled firms. We document how the accumulation of hostile stakes can be used to gain control of target companies given these ownership patterns. The paper also suggests an important role for banks in helping predators accumulate, and avoid the disclosure of, large stakes.
关键词	Corporate governance,Block trades,Take-overs,Banks,Germany
URL	https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/hostile-stakes-and-the-role-of-banks-in-german-corporate-governance/
来源智库	Fondazione Eni Enrico Mattei (Italy)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/116264
推荐引用方式 GB/T 7714	Tim Jenkinson,A. Ljungqvist. Hostile Stakes and the Role of Banks in German Corporate Governance. 1997.