| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP1781 |
| DP1781 Sustainability of Public Finances | |
| Jurgen von Hagen; Roberto Perotti; Rolf Strauch | |
| 发表日期 | 1997-11-30 |
| 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 takeover 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. |
| 主题 | Financial Economics |
| 关键词 | Banks Block trades Corporate governance Germany Takeovers |
| URL | https://cepr.org/publications/dp1781 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/530896 |
| 推荐引用方式 GB/T 7714 | Jurgen von Hagen,Roberto Perotti,Rolf Strauch. DP1781 Sustainability of Public Finances. 1997. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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