This paper addresses the question whether immediately switching from a managing to a monitoring function within a board is beneficial for a company or whether it should be regulated by a cooling-off period. On the one hand, companies have a mutual economic interest in continuously having a...

Purpose – This paper aims to provide insight whether disclosed compliance with the German Corporate Governance Code (GCGC) leads to higher valuation on the German stock market.Design/methodology/approach – Based on agency theory, stakeholder theory and institutional theory the authors...