The German system of corporate governance is traditionally known for its concentrated ownership and extensive cross holdings, but it is rapidly evolving towards

The empirical studies presented in this book model the endogeneity by applying the simultaneous equations methodology on the relation of ownership and financial

For many Americans, capitalism is a dynamic engine of prosperity that rewards the bold, the daring, and the hardworking. But to many outside the United States,

We analyze the relationship between the ownership structure and executive compensation in a sample of large listed German companies over the period from 1987 to