Holdings: Minority shareholder monitoring and German corporate governance

Minority shareholder monitoring and German corporate governance: empirical evidence and value effects

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Bibliographic Details
Main Author:	Thamm, Christian 1980- (Author)
Format:	Thesis Book
Language:	English
Published:	Frankfurt am Main Lang 2013
Series:	Corporate finance and governance 13
Subjects:	Minderheitsaktionär Corporate Governance Deutschland Hochschulschrift
Online Access:	Inhaltsverzeichnis Einführung/Vorwort Inhaltstext Inhaltsverzeichnis
Physical Description:	XV, 106 S. graph. Darst. 210 mm x 148 mm, 270 g
ISBN:	9783631640869 3631640862

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MARC


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Record in the Search Index

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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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dewey-tens	650 - Management and auxiliary services
discipline	Wirtschaftswissenschaften
format	Thesis Book
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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
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volume_link	(DE-604)BV036435593
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