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| Author: | Heiss, F. Köke, J. |
| Title: | Dynamics in ownership and firm survival: evidence from corporate Germany |
| Journal: | European Financial Management
2004 : MAR, VOL. 10:1, p. 167-195 |
| Index terms: | Bankruptcy Company ownership Corporate governance Germany |
| Language: | eng |
| Abstract: | The determinants of changes in corporate ownership and company failure are investigated for German companies. It is found that many of the determinants of failure also affect ownership changes in this bank-based economy. They include poor performance, weak corporate governance, high leverage and small company size. The ownership structure also plays a role for both events. Separate analyses of one of these events are therefore likely to miss important effects. |
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