Arbeitspapier
European financial integration and corporate governance
The paper studies the link between the integration of European financial markets and corporate governance in Europe. The focus of the paper is on how integration affects the interplay of ownership structures, capital structures, and monitoring, all of which can be used to govern agency problems at the firm level. Integration is a process which comprises the abolition of capital controls, the harmonization of institutions, and the creation of a common currency area. These elements, in turn, affect the liquidity of markets, the cost of monitoring, and the cost of debt. Based on these considerations, implications for changes in the structure of corporate governance systems are derived.
- Sprache
-
Englisch
- Erschienen in
-
Series: Research Notes ; No. 2
- Klassifikation
-
Wirtschaft
Corporate Finance and Governance: General
Organizational Behavior; Transaction Costs; Property Rights
- Thema
-
corporate governance
complementarity
financial integration
Finanzmarkt
Marktintegration
Internationaler Finanzmarkt
Corporate Governance
Kapitalstruktur
Eigentümerstruktur
EU-Staaten
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Buch, Claudia M.
Heinrich, Ralph P.
- Ereignis
-
Veröffentlichung
- (wer)
-
Deutsche Bank Research
- (wo)
-
Frankfurt a. M.
- (wann)
-
2002
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:22 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Buch, Claudia M.
- Heinrich, Ralph P.
- Deutsche Bank Research
Entstanden
- 2002