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http://dspace.mediu.edu.my:8181/xmlui/handle/10419/3228Full metadata record
| DC Field | Value | Language |
|---|---|---|
| dc.creator | Siebert, Horst | - |
| dc.date | 2004 | - |
| dc.date.accessioned | 2013-10-16T06:02:25Z | - |
| dc.date.available | 2013-10-16T06:02:25Z | - |
| dc.date.issued | 2013-10-16 | - |
| dc.identifier | Kiel working paper Institut für Weltwirtschaft, Kiel 1206 | - |
| dc.identifier | http://hdl.handle.net/10419/3228 | - |
| dc.identifier | ppn:387368973 | - |
| dc.identifier | ppn:387368973 | - |
| dc.identifier.uri | http://koha.mediu.edu.my:8181/xmlui/handle/10419/3228 | - |
| dc.description | Germany?s capital market relies on bank-intermediated products and not so much on capital market processes. Two of the pillars in Germany?s three-pillar banking system, the savings banks and the cooperative banks, have special statutes and are not exposed to the control of the capital market through the usual threat of a change in ownership. Savings banks enjoy public guarantees. In the financing of firms, bank credits are far more important relative to market products - equity and bonds - than in the Anglo-Saxon countries. Moreover, banks so far have had a dominating position in corporate control through their holdings and their votes in the supervisory board in Germany?s two-tier system of corporate governance. In this system block holdings are a relevant element. With the banks themselves under the pressure of changed international conditions, the German system of corporate control has yet to prove its viability. | - |
| dc.language | eng | - |
| dc.publisher | Kiel Institute for the World Economy (IfW) Kiel | - |
| dc.relation | Kieler Arbeitspapiere 1206 | - |
| dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | - |
| dc.subject | G3 | - |
| dc.subject | ddc:330 | - |
| dc.subject | Banking system , capital market , corporate governance | - |
| dc.subject | Finanzmarkt | - |
| dc.subject | Finanzsektor | - |
| dc.subject | Bankensystem | - |
| dc.subject | Corporate Governance | - |
| dc.subject | Bank | - |
| dc.subject | Deutschland | - |
| dc.title | Germany's capital market and corporate governance | - |
| dc.type | doc-type:workingPaper | - |
| Appears in Collections: | EconStor | |
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