haku: @author Rosenstein, J. / yhteensä: 5
viite: 2 / 5
| Tekijä: | Buhner, R. Rasheed, A. Rosenstein, J. |
| Otsikko: | Corporate restructuring patterns in the US and Germany: a comparative empirical investigation |
| Lehti: | Management International Review
1997 : VOL. 37:4, p. 319-338 |
| Asiasana: | MANAGEMENT USA GERMANY |
| Kieli: | eng |
| Tiivistelmä: | This study compares restructuring patterns in US and Germany following a shareholder vs. stakeholder approach. The influence of differences in institutional settings between the US (shareholder oriented) and Germany (stakeholder oriented) is assessed using an agency perspective. The institutional setting in the US is seen to foster the emergence as well as the solution of agency conflicts. The German institutional setting, in contrast, appears to impede the detection of agency problems and to lead to consensus strategies which balance multiple stakeholders' goals, in part at the expense of shareholders. |
SCIMA