TY  - BOOK
AU  - Christian Thamm
PY  - 2013
CY  - Berlin, Germany
PB  - Peter Lang Verlag
SN  - 9783653026245
TI  - Minority Shareholder Monitoring and German Corporate Governance
T2  - Empirical Evidence and Value Effects
DO  - 10.3726/978-3-653-02624-5
UR  - https://www.peterlang.com/document/1047489
N2  - This book comprises three studies on minority shareholder monitoring in Germany. Mandatory disclosure requirements have increased transparency. An analysis of the information that is publicly available is presented, regardless of the size of the target corporation. The second essay in the form of an event study pays special attention to the German supervisory board and its appointment for a fixed term. Capital markets perceive an activist effort as being more credible under certain circumstances. The study as a whole is empirical evidence for increased minority shareholder activity in Germany. The evidence presented supports the strong shareholder rights perspective. It conflicts with the weak shareholder rights view brought forward in the international literature.
KW  - Financial economics, Investor relations, Abnormal returns, Agency problems, Corporate finance
LA  - English
ER  -