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Corporate monitoring by blockholders in Europe: empirical evidence of managerial disciplining in Belgium, France, Germany, and the UK

Dherment-Ferere, Isabelle; Köke, Jens; Renneboog, Luc - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2001

creditors play an active role in disciplining. Block purchases have a monitoring role in Belgium and Germany, but not in France …

Persistent link: https://www.econbiz.de/10005097669

Product market competition, corporate governance and firm performance: an empirical analysis for Germany

Januszewski, Silke I.; Köke, Jens; Winter, Joachim K. - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1999

comparison with the United States. It has been argued that lack of product market competition and poor corporate governance are … econometric analysis of firm performance in Germany. Based on a unique panel data set with detailed information on almost 400 … Germany?s bank-based system of internal control, ownership concentration is harmful for productivity growth. …

Persistent link: https://www.econbiz.de/10005097717

Dynamics in ownership and firm survival: evidence from corporate Germany

Heiss, Florian; Köke, Jens - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2001

This study investigates the determinants of changes in corporate ownership and firm failure, taking into account different types of sellers and buyers of control blocks. For a large panel of German corporations we find that firms are more likely to fail or to be sold when performance is poor,...

Persistent link: https://www.econbiz.de/10005097846

Control transfers in corporate Germany: their frequency, causes and consequences

Köke, Jens - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2000

This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency of block trading is similar to other countries, and the vast majority of block trades leads to changes in ultimate ownership (control transfers). Such changes are more likely...

Persistent link: https://www.econbiz.de/10005098061

Determinants of acquisition and failure: stylized facts and lessons for empirical studies

Köke, Jens - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2001

This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also …

Persistent link: https://www.econbiz.de/10005098062

An applied econometricians' view of empirical corporate governance studies

Börsch-Supan, Axel; Köke, Jens - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2000

The economic analysis of corporate governance is en vogue. In addition to a host of theoretical papers, an increasing number of empirical studies analyze how ownership structure, capital structure, the structure of the board and the market for corporate control influence firm performance. This...

Persistent link: https://www.econbiz.de/10005098071

New evidence on ownership structures in Germany

Köke, Jens - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 1999

Ownership structures are an important element of the theory explaining corporate governance. This study presents detailed descriptive evidence on the ownership structures of German manufacturing firms. It addresses several shortcomings of the previous German empirical literature: First, we study...

Persistent link: https://www.econbiz.de/10005098175

Corporate governance, market discipline, and productivity growth

Köke, Jens - Zentrum für Europäische Wirtschaftsforschung (ZEW) - 2001

Using a large panel of German manufacturing firms over the years 1986?1996, this study examines the impact of corporate governance and market discipline on productivity growth. We find that firms under concentrated ownership tend to show significantly higher productivity growth. Financial...

Persistent link: https://www.econbiz.de/10005098443