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Corporate governance is an important issue on the research agenda of financial economists. Using a new and unique data set of German corporations this book examines three topics that are crucial to a better understanding of corporate governance: (a) the frequency, causes, and consequences of control transfers, (b) the determinants of acquisition and failure, and (c) the role of corporate governance and market discipline for productivity growth. This book points out methodological drawbacks of previous empirical studies and provides suggestions on how to avoid these problems in research practice.
List of contents
1 Introduction.- 2 Literature Review and Methodological Concerns.- 3 The German Corporations Database (GCD).- 4 Frequency, Causes, and Consequences of Control Transfers.- 5 Determinants of Acquisition and Failure.- 6 Corporate Governance, Market Discipline, and Productivity Growth.- 7 Concluding Remarks.- List of Data Sources.- List of Figures.- List of Tables.
Summary
Corporate governance is an important issue on the research agenda of financial economists. Using a new and unique data set of German corporations this book examines three topics that are crucial to a better understanding of corporate governance: (a) the frequency, causes, and consequences of control transfers, (b) the determinants of acquisition and failure, and (c) the role of corporate governance and market discipline for productivity growth. This book points out methodological drawbacks of previous empirical studies and provides suggestions on how to avoid these problems in research practice.
