The Influence of Institutional Investors on Corporate Management and Corporate Governance in Germany

A Multi Perspective Analysis

Business & Finance, Business Reference, Business Law
Cover of the book The Influence of Institutional Investors on Corporate Management and Corporate Governance in Germany by Sebastian Sturm, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Sebastian Sturm ISBN: 9783640311644
Publisher: GRIN Publishing Publication: April 14, 2009
Imprint: GRIN Publishing Language: English
Author: Sebastian Sturm
ISBN: 9783640311644
Publisher: GRIN Publishing
Publication: April 14, 2009
Imprint: GRIN Publishing
Language: English

Diploma Thesis from the year 2008 in the subject Business economics - Law, grade: 1,3, Technical University of Chemnitz, language: English, abstract: Corporate management and corporate governance are becoming more and more crucial in today's successful economies. With the increasing relevance of capital markets this subject comes more into the focus of the public. Particularly, the fast growing importance of institutional investors is a key factor which helps to explain the changing attitude of managers towards shareholders and corporate governance. In conjunction with the German capital market, a wide variety of mismanagement in German public limited companies has revealed shortfalls of German top-management and corporate control in the last decade. This development was of fundamental importance for the development of the German Corporate Governance Code. Hence, the basic underlying of corporate governance can be attributed to a conflict between the management of a listed corporation and its owners. More precisely, this conflict arises because the management does not adequately comprise the interests of shareholders. In Germany, assets under management of professional investors have increased at 92 percent from 1990 to 2001.1 In addition, a growing administration of private savings by professional fund managers as well as the intensified exercise of influence by institutional investors on corporate governance and corporate management respectively corporate strategy is observable. Similarly, a growing importance of institutional investors could be observed in the United Kingdom as well as in the United States. Within academic literature, the issue of activism by institutional investors in Germany is analyzed little, so far. Furthermore, there are only a few surveys on the outcome of the influence by institutional investors on corporate management. Therefore, this thesis aims to answer the following questions: 1. How was the development of shareholder activism in Germany and how can it be characterized and explained? 2. Is shareholder activism a superior tool in relation to the market of corporate control to solve the principal-agent problem? 3. What do institutional investors demand from German corporations and in particular from corporate management? 4. Which options do institutional investors have to influence corporate management? 5. How are these options for activism covered by the German Corporate Governance Code and the German legal framework? 6. What is the optimum corporate governance from an institutional investor's angle? 7. What is the empirical outcome?

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Diploma Thesis from the year 2008 in the subject Business economics - Law, grade: 1,3, Technical University of Chemnitz, language: English, abstract: Corporate management and corporate governance are becoming more and more crucial in today's successful economies. With the increasing relevance of capital markets this subject comes more into the focus of the public. Particularly, the fast growing importance of institutional investors is a key factor which helps to explain the changing attitude of managers towards shareholders and corporate governance. In conjunction with the German capital market, a wide variety of mismanagement in German public limited companies has revealed shortfalls of German top-management and corporate control in the last decade. This development was of fundamental importance for the development of the German Corporate Governance Code. Hence, the basic underlying of corporate governance can be attributed to a conflict between the management of a listed corporation and its owners. More precisely, this conflict arises because the management does not adequately comprise the interests of shareholders. In Germany, assets under management of professional investors have increased at 92 percent from 1990 to 2001.1 In addition, a growing administration of private savings by professional fund managers as well as the intensified exercise of influence by institutional investors on corporate governance and corporate management respectively corporate strategy is observable. Similarly, a growing importance of institutional investors could be observed in the United Kingdom as well as in the United States. Within academic literature, the issue of activism by institutional investors in Germany is analyzed little, so far. Furthermore, there are only a few surveys on the outcome of the influence by institutional investors on corporate management. Therefore, this thesis aims to answer the following questions: 1. How was the development of shareholder activism in Germany and how can it be characterized and explained? 2. Is shareholder activism a superior tool in relation to the market of corporate control to solve the principal-agent problem? 3. What do institutional investors demand from German corporations and in particular from corporate management? 4. Which options do institutional investors have to influence corporate management? 5. How are these options for activism covered by the German Corporate Governance Code and the German legal framework? 6. What is the optimum corporate governance from an institutional investor's angle? 7. What is the empirical outcome?

More books from GRIN Publishing

Cover of the book German co-determination and corporate governance by Sebastian Sturm
Cover of the book The Impact of Corporate Governance on Innovativeness by Sebastian Sturm
Cover of the book The women's suffrage movement in New Zealand by Sebastian Sturm
Cover of the book Global Corporate Strategy - A Critical Analysis and Evaluation of Amazon.com by Sebastian Sturm
Cover of the book Does the federal state of Austria suffer from a lack of federalism? by Sebastian Sturm
Cover of the book Serious Premise vs. Entertainment by Sebastian Sturm
Cover of the book Reaganomics - Change through continuity by Sebastian Sturm
Cover of the book Is US Economic Power in Decline Since the 1970s? by Sebastian Sturm
Cover of the book Increasing the Citizens' EU Awareness by Sebastian Sturm
Cover of the book Text and Discourse - Gender and Speech by Sebastian Sturm
Cover of the book The English Be Going To Construction and Its Grammaticalization Process by Sebastian Sturm
Cover of the book The success of political transition in Estonia, Czech Republic and Romania by Sebastian Sturm
Cover of the book Media and Terrorism by Sebastian Sturm
Cover of the book Die konstitutionelle italienische Demokratie by Sebastian Sturm
Cover of the book Terror and Liberty - The Construction of a National Image and the Manufacturing of an Enemy in the United States by Sebastian Sturm
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy