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
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.
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