Minority shareholder monitoring and German corporate governance: empirical evidence and value effects
Gespeichert in:
1. Verfasser: | |
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Format: | Abschlussarbeit Buch |
Sprache: | English |
Veröffentlicht: |
Frankfurt am Main
Lang
2013
|
Schriftenreihe: | Corporate finance and governance
13 |
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis Einführung/Vorwort Inhaltstext Inhaltsverzeichnis |
Beschreibung: | XV, 106 S. graph. Darst. 210 mm x 148 mm, 270 g |
ISBN: | 9783631640869 3631640862 |
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Datensatz im Suchindex
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adam_text |
IMAGE 1
VII
TABLE OF CONTENTS
PREFACE V
ACKNOWLEDGEMENTS VI
TABLE O F CONTENTS VII
LIST O F FIGURES X
LIST O F TABLES XI
LIST O F ABBREVIATIONS XIII
LIST O F SYMBOLS X V
I. INTRODUCTION 1
1.1. PREFACE 1
1.2. DEFINITION O F SHAREHOLDER ACTIVISM AND CORPORATE GOVERNANCE 2
1.3. THEORETICAL FRAMEWORK 6
1.4. RESEARCH ON SHAREHOLDER ACTIVISM IN GERMANY 7
1.5. RESEARCH ON SHAREHOLDER ACTIVISM IN THE U.S 13
1.6. DEVELOPMENT O F HYPOTHESES 14
1.7. REMARKS ON THE COLLECTION O F DATA 15
1.8. PRESENTATION O F STUDIES AND CONTRIBUTION TO LITERATURE 19
1.8.1. FIRST STUDY: SHAREHOLDER ACTIVISM IN GERMANY - AN EMPIRICAL
REVIEW 19
1.8.2. SECOND STUDY: ACTIVIST SHAREHOLDERS, ABNORMAL RETURNS, AND THE
GERMAN AUFSICHTSRAT 19
1.8.3. THIRD STUDY: WEAK SHAREHOLDER RIGHTS? - A CASE STUDY OF CEVIAN
CAPITAL'S INVESTMENT IN DEMAG CRANES AG 23
HTTP://D-NB.INFO/1033711608
IMAGE 2
VIII
II. SHAREHOLDER ACTIVISM IN GERMANY - AN EMPIRICAL REVIEW 25
II. 1. INTRODUCTION 2 6
11.2. LITERATURE OVERVIEW 27
11.3. DATA COLLECTION 31
11.4. DESCRIPTIVE STATISTICS: TARGET FIRM, STAKE SIZE AND ACTIVIST
SHAREHOLDERS 35
11.5. SHAREHOLDER ACTIVISM AND ITS EFFECTS 4 0
11.6. SUMMARY O F RESULTS 48
III. ACTIVIST SHAREHOLDERS, ABNORMAL RETURNS, AND THE GERMAN
AUFSICHTSRAT 51
III. I. INTRODUCTION 52
111.2. THREE CASES O F SHAREHOLDER ACTIVISM 5 3
111.3. LITERATURE BACKGROUND, CORPORATE GOVERNANCE FRAMEWORK AND
RESEARCH HYPOTHESES 5 4
111.4. DATA AND METHODOLOGY 57
111.5. RESULTS 6 0
111.5.1. ANNOUNCEMENT EFFECTS 6 0
111.5.2. NEWBET ANALYSIS 6 3
111.5.3. DETERMINANTS O F ABNORMAL RETURNS 68
111.6. CONCLUSION 71
IV. WEAK SHAREHOLDER RIGHTS? - A CASE STUDY O F CEVIAN CAPITAL'S
INVESTMENT IN DEMAG CRANES AG 73
IV. 1. INTRODUCTION 74
IMAGE 3
IX
IV.2. GERMAN SUPERVISORY BOARD AND U.S. BOARD O F DIRECTORS 77
IV.3. TRANSACTION PARTNERS 81
IV.4. INVESTMENT BY CEVIAN CAPITAL AND TAKEOVER BY TEREX CORPORATION.
85
IV.4.1. INVESTMENT BY CEVIAN CAPITAL 85
IV.4.2. SUPERVISORY BOARD REPRESENTATION 86
IV.4.3. TAKEOVER BY TEREX CORPORATION 87
IV.4.4. LESSONS LEARNED FROM THE DEMAG CASE 88
IV.5. CEVIAN CAPITAL'S FOLLOW-UP INVESTMENT IN BILFINGER BERGER SE 89
IV.6. SHAREHOLDER ACTIVISTS ON GERMAN SUPERVISORY BOARDS 9 0
IV.7. CONCLUSION 94
V. SUMMARY O F KEY RESEARCH FINDINGS 95
REFERENCES 97 |
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author | Thamm, Christian 1980- |
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author_sort | Thamm, Christian 1980- |
author_variant | c t ct |
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classification_rvk | QP 341 |
ctrlnum | (OCoLC)854714538 (DE-599)DNB1033711608 |
dewey-full | 658.4 |
dewey-hundreds | 600 - Technology (Applied sciences) |
dewey-ones | 658 - General management |
dewey-raw | 658.4 |
dewey-search | 658.4 |
dewey-sort | 3658.4 |
dewey-tens | 650 - Management and auxiliary services |
discipline | Wirtschaftswissenschaften |
format | Thesis Book |
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isbn | 9783631640869 3631640862 |
language | English |
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physical | XV, 106 S. graph. Darst. 210 mm x 148 mm, 270 g |
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series | Corporate finance and governance |
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spelling | Thamm, Christian 1980- Verfasser (DE-588)1026999375 aut Minority shareholder monitoring and German corporate governance empirical evidence and value effects Christian Thamm Frankfurt am Main Lang 2013 XV, 106 S. graph. Darst. 210 mm x 148 mm, 270 g txt rdacontent n rdamedia nc rdacarrier Corporate finance and governance 13 Zugl.: Darmstadt, Techn. Univ., Diss., 2013 Minderheitsaktionär (DE-588)4443989-1 gnd rswk-swf Corporate Governance (DE-588)4419850-4 gnd rswk-swf Deutschland (DE-588)4011882-4 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Deutschland (DE-588)4011882-4 g Corporate Governance (DE-588)4419850-4 s Minderheitsaktionär (DE-588)4443989-1 s DE-604 Corporate finance and governance 13 (DE-604)BV036435593 13 X:MVB application/pdf http://www.peterlang.com/exportdatas/exportfiles/onix/toc/9783631640869_toc.pdf Inhaltsverzeichnis X:MVB application/pdf http://www.peterlang.com/exportdatas/exportfiles/onix/intro/9783631640869_leseprobe01.pdf Einführung/Vorwort X:MVB text/html http://deposit.dnb.de/cgi-bin/dokserv?id=4301924&prov=M&dok_var=1&dok_ext=htm Inhaltstext DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026019211&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Thamm, Christian 1980- Minority shareholder monitoring and German corporate governance empirical evidence and value effects Corporate finance and governance Minderheitsaktionär (DE-588)4443989-1 gnd Corporate Governance (DE-588)4419850-4 gnd |
subject_GND | (DE-588)4443989-1 (DE-588)4419850-4 (DE-588)4011882-4 (DE-588)4113937-9 |
title | Minority shareholder monitoring and German corporate governance empirical evidence and value effects |
title_auth | Minority shareholder monitoring and German corporate governance empirical evidence and value effects |
title_exact_search | Minority shareholder monitoring and German corporate governance empirical evidence and value effects |
title_full | Minority shareholder monitoring and German corporate governance empirical evidence and value effects Christian Thamm |
title_fullStr | Minority shareholder monitoring and German corporate governance empirical evidence and value effects Christian Thamm |
title_full_unstemmed | Minority shareholder monitoring and German corporate governance empirical evidence and value effects Christian Thamm |
title_short | Minority shareholder monitoring and German corporate governance |
title_sort | minority shareholder monitoring and german corporate governance empirical evidence and value effects |
title_sub | empirical evidence and value effects |
topic | Minderheitsaktionär (DE-588)4443989-1 gnd Corporate Governance (DE-588)4419850-4 gnd |
topic_facet | Minderheitsaktionär Corporate Governance Deutschland Hochschulschrift |
url | http://www.peterlang.com/exportdatas/exportfiles/onix/toc/9783631640869_toc.pdf http://www.peterlang.com/exportdatas/exportfiles/onix/intro/9783631640869_leseprobe01.pdf http://deposit.dnb.de/cgi-bin/dokserv?id=4301924&prov=M&dok_var=1&dok_ext=htm http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026019211&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
volume_link | (DE-604)BV036435593 |
work_keys_str_mv | AT thammchristian minorityshareholdermonitoringandgermancorporategovernanceempiricalevidenceandvalueeffects |
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