Shareholder Activism in Germany: An Empirical Study

The IUP Journal of Corporate Governance, Vol. XII, No. 2, April 2013, pp. 28-39

Posted: 22 Oct 2013

See all articles by Henry Schaefer

Henry Schaefer

University of Stuttgart - Institute of Business Management

Christian Hertrich

University of Stuttgart - Department of Corporate Finance

Date Written: October 21, 2013

Abstract

Germany is the largest economy in Europe and yet there has been very little research in the area of shareholder activism. The main objective of this research paper is to discuss shareholder activism for DAX 30 companies. The paper provides the most recent empirical evidence that formal activism in Germany remains a relatively ineffective instrument for shareholder engagement, in contrast to research findings for the US and UK financial markets. The study has used all publicly available information from various sources and represents as of today one of the most extensive research analyses for shareholder activism in Germany.

Suggested Citation

Schaefer, Henry and Hertrich, Christian, Shareholder Activism in Germany: An Empirical Study (October 21, 2013). The IUP Journal of Corporate Governance, Vol. XII, No. 2, April 2013, pp. 28-39, Available at SSRN: https://ssrn.com/abstract=2343045

Henry Schaefer (Contact Author)

University of Stuttgart - Institute of Business Management ( email )

Keplerstraße 17
Stuttgart, Baden Wuerttemberg 70174
Germany
++49 (0)711/218460-00 (Phone)
++49 (0)711/218460-09 (Fax)

HOME PAGE: http://www.uni-stuttgart.de/finance

Christian Hertrich

University of Stuttgart - Department of Corporate Finance ( email )

Keplerstraße 17
Stuttgart, 70174
Germany

Do you have negative results from your research you’d like to share?

Paper statistics

Abstract Views
1,365
PlumX Metrics