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Minority Shareholder Monitoring and German Corporate Governance: Corporate Finance and Governance, cartea 13

Autor Christian Thamm
en Limba Engleză Hardback – 9 apr 2013
This book comprises three studies on minority shareholder monitoring in Germany. Mandatory disclosure requirements have increased transparency. An analysis of the information that is publicly available is presented, regardless of the size of the target corporation. The second essay in the form of an event study pays special attention to the German supervisory board and its appointment for a fixed term. Capital markets perceive an activist effort as being more credible under certain circumstances. The study as a whole is empirical evidence for increased minority shareholder activity in Germany. The evidence presented supports the strong shareholder rights perspective. It conflicts with the weak shareholder rights view brought forward in the international literature.
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Specificații

ISBN-13: 9783631640869
ISBN-10: 3631640862
Pagini: 106
Dimensiuni: 149 x 216 x 15 mm
Greutate: 0.3 kg
Editura: Peter Lang Gmbh, Internationaler Verlag Der W
Seria Corporate Finance and Governance


Notă biografică

Christian Thamm earned a degree in business law completing his thesis on the Mannesmann trial. He also earned a business degree in finance with his second thesis investigating reasons for the failed takeover of ProSiebenSat.1 Media by Axel Springer. At Technische Universität Darmstadt the author was research assistant at the Chair of Corporate Finance.

Cuprins

Contents: Empirical analysis of minority shareholder activism in Germany ¿ Event study on activist events between 1999 and 2011 ¿ Abnormal returns are linked to supervisory board election ¿ Value creation through minority shareholder monitoring ¿ Strong shareholder rights perspective.