Ownership and Voting Power in Germany

• Main Authors: Becht, Marco, BOEHMER, Ekkehart
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2001
• Subjects: Corporations; voting power; Germany; corporate control; corporate governance; ownership; takeover defences; voting control; Business; Business Law, Public Responsibility, and Ethics; Corporate Finance
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/4718
• Institution: Singapore Management University

This paper analyses the voting control structure of industrial firms listed on the official market in Germany. Voting control is highly concentrated and few companies are widely held. Widely held companies typically have takeover defences in place, but these are increasingly eroded by the control an...