Jump to ContentJump to Main Navigation
Political Determinants of Corporate GovernancePolitical Context, Corporate Impact$
Users without a subscription are not able to see the full content.

Mark J. Roe

Print publication date: 2006

Print ISBN-13: 9780199205301

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780199205301.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2019. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 14 November 2019

Germany

Germany

Chapter:
(p.71) Chapter 8 Germany
Source:
Political Determinants of Corporate Governance
Author(s):

Mark J. Joe

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199205301.003.0009

Germany's codetermination institutionalized social democracy and demeaned strong securities markets. Germany became the world's third largest economy. With labor having half of the boardroom, shareholders do better with a counter-coalition than they would in nations where labor is not as well represented in the boardroom. The historical sequence of first powerful banks and the family founders, then codetermination, and Germany's prior history of repressing labor, obscured the interdependence of the two. Codetermination and block ownership are complementary, and it is hard for one to exit without the other, regardless of which one came first historically.

Keywords:   Germany, codetermination, diffuse ownership, boardroom, taxes, block ownership

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .