INSIDER OWNERSHIP, SHAREHOLDER STRUCTURES AND CORPORATE GOVERNANCE
Clasificación: | Libro Electrónico |
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Autor principal: | |
Formato: | Electrónico eBook |
Idioma: | Inglés |
Publicado: |
[S.l.] :
DUNCKER & HUMBLOT,
2020.
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Colección: | Entrepreneurial and financial studies.
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Temas: | |
Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Intro
- Preface
- Acknowledgements
- Table of Contents
- List of Figures
- List of Tables
- List of Abbreviations
- 1 Corporate Governance and the Role of Insider Ownership
- 1.1 Why Do Corporate Governance and Insider Ownership Matter?
- 1.2 Aims of the Study
- 1.3 Structure of the Analysis
- 2 Fundamentals of Corporate Governance
- 2.1 Definition and Understanding of Corporate Governance
- 2.2 Corporate Governance Mechanisms
- 2.2.1 Business Objective and Shareholder Value
- 2.2.2 Conflicts between Shareholders and Management
- 2.2.3 Mechanisms to Control Management
- 2.3 Basic Types of Corporate Governance Systems
- 2.3.1 The Capital Market Oriented System
- 2.3.2 The Corporate Law Oriented System
- 2.3.3 Which Corporate Governance System is Best?
- 2.4 The German System of Corporate Governance
- 2.4.1 Historical Development
- 2.4.2 Status Quo
- 2.4.3 Characteristics and Idiosyncrasies
- 2.4.4 Trends and Outlook
- 3 Causes and Consequences of Shareholder Structures in Theory and Practice of Corporate Governance
- 3.1 The Separation of Ownership and Control
- 3.2 Constitution of the German Stock Corporation
- 3.2.1 Management Board
- 3.2.2 Supervisory Board
- 3.2.3 Shareholders' Meeting
- 3.3 Shareholders' Objectives and Control Incentives
- 3.3.1 Systematization of Shareholders' Interests
- 3.3.2 Shareholder Identity as Differentiating Factor
- 3.3.2.1 Insider Individuals (MGMT)
- 3.3.2.1.1 Members of the Management Board (MB)
- 3.3.2.1.2 Members of the Supervisory Board (SB)
- 3.3.2.1.3 Former Members of the Boards (FBM)
- 3.3.2.2 Non-financial Companies (CORP)
- 3.3.2.2.1 Business Groups (BGR)
- 3.3.2.2.2 Corporations (COR)
- 3.3.2.3 Financial Institutions (FINC)
- 3.3.2.3.1 Banks (BANK)
- 3.3.2.3.2 Insurance Companies (INSR)
- 3.3.2.3.3 Investment Companies (INVC)
- 3.3.2.3.4 Domestic Institutional Investors (INST)
- 3.3.2.3.5 Foreign Institutional Investors (INST-F)
- 3.3.2.4 Federal, State and Municipal Government (GOV)
- 3.3.2.5 Miscellaneous (MISC)
- 3.3.2.5.1 Outsider Individuals (INVD)
- 3.3.2.5.2 Employees (EMP)
- 3.3.2.5.3 Others (OTH) and Treasury Shares (TRE)
- 3.3.3 Shareholder Concentration as Differentiating Factor
- 3.3.3.1 Minority Shareholders
- 3.3.3.1.1 Smallholders
- 3.3.3.1.2 Simple Blockholders
- 3.3.3.1.3 Dominating Blockholders
- 3.3.3.2 Majority Shareholders
- 3.3.3.2.1 Simple Majority Blockholders
- 3.3.3.2.2 Super Majority Blockholders
- 3.4 Shareholders, Management and Conflicts of Interest
- 3.4.1 Introductory Remarks
- 3.4.2 Systematical Analysis of Potential Conflicts of Interest
- 3.4.2.1 Between Shareholders and Management
- 3.4.2.2 Among Shareholders
- 3.4.3 Ways and Means for Overcoming Conflicts of Interest
- 4 Insider Ownership and its Effects on Corporate Performance
- 4.1 Insider Ownership According to Different Theoretical Views
- 4.1.1 The Neoclassical View
- 4.1.2 The Institutional View