Download or read book Downfall of Large German Listed Companies written by Sebastian Frericks and published by Springer. This book was released on 2018-12-28 with total page 105 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sebastian Frericks examines, based on a qualitative content analysis, the factors that lead large German listed companies to downfall. He finds factors and motives uncaredfor as well as new interrelations between variables that can be used to develop a future-looking risk sensitivity based on a going-concern-principle. Therefore, he first works out latent factors that are primarily responsible for not preventing a firm from losing its independency. In a second step the motives of sellers in a company sale process are examined. Within the following comprehensive cross-study, the author presents relations between motives, factors, field of business and type of downfall. The results provide new insights for any organization to address the probabilities of failure and downfall and to think beyond about securing the company's existence.

Download or read book The Rise and Downfall of Germany s Largest Family and Non Family Businesses written by Maximilian Lantelme and published by Springer. This book was released on 2016-10-24 with total page 133 pages. Available in PDF, EPUB and Kindle. Book excerpt: Maximilian Lantelme examines the historical growth and decline developments of large German family and non-family businesses between 1971 and 2011. Based on a sample of the 143 largest German companies in 1971 and in 2011, the author investigates the long-term development of each company and calculates compound annual growth rates (CAGR) to compare the developments of total sales and of the number of employees between the enterprises with the overall development of the German economy. Additionally, he presents the exit rates as well as the reasons for the downfalls of the different types of companies. The results show a superior development of family businesses especially compared to non-family businesses due to lower exit and higher growth rates. The strategic implications are that family businesses should achieve a certain corridor of growth in the long-term to secure the company’s existence over generations.

Download or read book Analysis of Using Quantitative Tools in the 57 largest German Companies listed in the Stock Exchange in 2006 written by Christoper Dewangga Pramudita and published by GRIN Verlag. This book was released on 2017-05-05 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2017 in the subject Economics - Statistics and Methods, University of Applied Sciences Brandenburg, language: English, abstract: According to Daimler Annual Report 2015 that we can find data about how many employees that Daimler AG have and whether or not the number of Daimler AG's employees gives impact on an increase or decrease of Daimler AG's revenue as well as earnings. Daimler AG involves five divisions such as Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services. To facilitate a better comparison view between the number of employees, Earnings (EBIT) and Revenue the author decided to select the data with only arising the relevant data with his objectives. From 2013 to 2015 in department of Mercedes-Benz Cars, Mercedes-Benz Vans and Daimler Financial Services there is a correlation between an increase of the number of employees with EBIT and Revenue. Conversely, in department of Daimler Trucks and Daimler Buses with the same period looks uncorrelated between an increase of the number of employees and Revenue. In Daimler Group a correlation between the high number of employees with an increase of their share price and their market capitalization is shown where in 2012 the number of their employees about 279.972 increased about 284.015. This increase was followed by an increase of share price from 68,97 to 77,58 and of Market capitalization from 73 to 83. Because of that, in this paper we would briefly proof how strong the correlation between one factor with other factors through SPSS software which would be used to observe their correlation with aid of descriptive statistics (e.g. Histogram, Mean, Variance, Minimum, Maximum and Scatter plot) and inferential statistics (Linear Regression, Multiple Regression, Multicollinearity and Outliers) [...]

Download or read book German Family Enterprises written by Maximilian Lantelme and published by Springer Nature. This book was released on 2021-03-26 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second edition of this professional guide presents an extended overview of the German family enterprise landscape including its structure and industry distribution. Its goal is to provide a detailed assessment of the development of German family enterprises. Based on several new scientific studies conducted by the authors, the prerequisits of corporate longevity and mature growth are investigated in detail. Analyzing data from over 500 family firms, the book offers a valuable reference guide for market research and academic research on family-owned enterprises. A unique factor: the authors’ revealing insights into the decline of family firms.

Download or read book The Relationship Between German Banks and Large German Firms written by Christian Harm and published by World Bank Publications. This book was released on 1992 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Germany, small banks finance small firms. Active government support and a sophisticated refinancing network effectively overcome financial market imperfections.

Download or read book Why are the Levels of Control so Different in German and UK Companies Evidence from Initial Public Offerings written by Marc Goergen and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyse why the control of listed German and UK companies is so different. As shareholders in Germany are less protected and control is less expensive, German investors prefer controlling stakes. We also focus on economic factors such as profitability, risk and growth to predict the probability of occurrence of different states of control six years after the flotation.Large UK companies become widely held whereas in large German firms new shareholders control significantly larger stakes. Wealth constraints become binding for UK shareholders whereas German shareholders can avoid this by using pyramids. We find substantial differences between a takeover by a concentrated shareholder and one by a widely-held company. For the UK, the probability of the former incrases when the company is risky, small and poorly performing. Conversely, the latter is more likely when the target is large, fast growing and profitable. Poor performance and high risk require control and monitoring by a concentrated shareholder. Conversely, high growth and profitability attract widely-held companies. Founders are less inclined to dilute their stake to retain private benefits of control. When German firms are profitable and risky, control is likely to go to a concentrated shareholder, but growth and low profitability increase the probability of a control acquisition by a widely-held firm.

Download or read book Why Does the Concentration of Control Differ in German and UK Companies Evidence from Initial Public Offerings written by Marc Goergen and published by . This book was released on 2001 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper investigates why corporate control of listed companies is so different in Germany and the UK. For this purpose we use a unique database which allows us to trace the evolution of control in German and UK firms over the six years after their flotation. Not only do the initial shareholders in the average German company own much larger voting stakes than the UK ones, but the German shareholders lose majority control only 6 years after the IPO. In contrast, the initial owners of UK companies lose control already two years after going public. We find that control retention by initial shareholders depends to a large extent on economic characteristics such as profitability, riskiness, and growth. When a UK firm is risky and experiences high growth in assets, old shareholders are likely to abandon control provided they are not part of the founding family and do not have managerial responsibilities. Thus, control retention by initial shareholders in the UK is more likely in older, profitable firms. In contrast, high growth of a young firm and high profitability is seen as an opportunity by the initial shareholders of German companies to reduce their control. The initial shareholders tend to keep tighter control when the equity structure combines both voting and non-voting shares and when they are involved in the management of the company. In the UK, new large shareholders will accumulate stronger control in smaller, riskier and faster growing firms, especially when it is the founder (or founding family) who reduces control. In German firms in contrast, new large shareholders acquire control in older, profitable firms. However, differences in control between the two countries are not only explained by economic factors, but also by legal determinants. The regulatory environment induces a lower relative cost of holding control blocks in German firms. The weaker protection of shareholder rights in Germany and, hence, the potential to benefit from private benefits of control increases the value of holding large blocks. Therefore, the net benefits from holding large blocks are larger in Germany than in the UK.

Download or read book German Business After the Economic Miracle written by Frank Vogl and published by . This book was released on 1973 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Global Corporate Governance written by Donald H. Chew and published by Columbia University Press. This book was released on 2009-08-24 with total page 393 pages. Available in PDF, EPUB and Kindle. Book excerpt: Effective corporate governance, or the set of controls and incentives that drive top management, originates both outside and inside the firm and assures investors who hope to commit their capital. Essential when buying stocks in one's own country, effective corporate governance is even more important abroad, where information can be less reliable and investor influence (or protection) more limited. In this collection of articles from the Journal of Applied Corporate Finance, more than thirty leading scholars and practitioners discuss the possibilities and limitations of global corporate finance and governance systems, whether in Europe and North America or in the emerging markets of Israel, India, Korea, and South Africa. Essays discuss the political roots of American corporate finance; the structural and financial variations between international corporations; control premiums and the effectiveness of corporate governance systems; debt, folklore, and cross-country differences in financial structures; the driving forces behind the East Asian Financial Crisis of 1997; corporate ownership and control in India, Germany, France, and the United Kingdom; financial and economic lessons of Italy's privatization program; changes in Korean corporate governance; sovereign wealth funds; and the new organization of Canadian business trusts. A special roundtable discussion addresses shareholder activism in the U.K.

Download or read book Transition in Survival Enterprise Restructuring in Twenty East German and Hungarian Companies 1990 1997 written by Enese Lieb-Doczy and published by Routledge. This book was released on 2019-07-16 with total page 245 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2001. This work features different companies and their change in situation between 1990 and 1997. The author focused on changes in each company's vertical integration; its integration with and relationship to its investor; changes in its human resource policies and the general handling of labour shedding; changes in its product range, production methods, product markets and competitive situation; and the regional effects of FDI and changes in the company's procurement policies. The study comprises mainly of manufacturing companies with a few construction companies included to examine issues arising from localized company operations.

Download or read book GERMANY Major Banks Financial and Insurance Companies Directory written by and published by Business Information Agency. This book was released on with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Family Firms in Postwar Britain and Germany written by David Paulson and published by Boydell & Brewer. This book was released on 2023-02-21 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the culture and conduct of six small and medium-sized enterprises (SMEs) in England and West Germany from 1945 to the late-1970s, drawing on numerous archives in Germany and Britain. This is the first book length study that examines the detailed histories of SMEs in a comparative, transnational manner. Emerging from this study is an evaluation of German and British varieties of capitalism in action, showing that they were not fixed or static, but rather have changed considerably as they evolved over time. The German companies studied formed part of the Mittelstand, the family-owned sector which is unique to German-speaking countries. This book explores whether the principles of a close identification with the surrounding region and a patriarchal culture within a 'family' atmosphere were adopted in practice then, and whether they are still applicable today. Paulson compares the Mittelstand to British SMEs in order to understand how their approach differed from that of their German counterparts. For both countries, the 'ecosystem' which surrounded businesses is examined, paying particular attention to funding and vocational education. The book concludes that the potential for a British Mittelstand existed, but that British companies were often less well managed and had to operate within a less supportive external environment than that which favoured the Mittelstand. Historical lessons learned from the management of these companies still resonate today, and can help us to understand contemporary differences in business performance. This book will therefore be of interest to scholars and students of twentieth-century business and economic history, as well as management studies.

Download or read book Varieties of Capitalism and Europeanization written by Georg Menz and published by Oxford University Press on Demand. This book was released on 2008 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Europeanization has often been conceived as a top-down process, necessitating implementation and adjustment at the national level. However, Europeanization can also be conditioned by bottom-up national initiatives. While recent endeavors in comparative political economy have emphasized the resilience of coordinated market economies, few detailed empirical studies have examined to date exactly how different European systems of political-economic governance cope with and respond to an European impetus for liberalization. This original study of the impact of the EU-induced liberalization of service provision on member states argues that innovative national re-regulatory strategies may be implemented in response to Europeanization. In permitting any company registered in an EU member state to provide services throughout Europe, new possibilities were created for the transnational posting of workers from low-wage to high-wage countries. However, high-wage countries could re-regulate the wage levels applicable to such employees. The exact nature of such response strategy is colored by the respective institutional power that labor market interest associations like trade unions and employer associations command. Therefore, different institutionalized varieties of capitalism generate distinct re-regulations of the Single European Market. Drawing on detailed case studies of ten European countries, this volume bridges the gap between the rapidly unfolding scholarly debate on Europeanization and varieties of capitalism. It argues that both strongly neocorporatist systems of political-economic governance and statist systems are capable of creating swift, comprehensive and thorough national re-regulations. This applies to Austria and France, but also Sweden, Denmark, Norway, Finland, Belgium, and Luxembourg. By contrast, countries with less strongly embedded neocorporatist structures, in which due to organizational deficiencies trade unions face difficulties blocking employer demands, create liberal response strategies, permitting a stratification of wage levels. Hence, both Germany and the Netherlands implemented liberal business-friendly re-regulations. The volume makes the case for important amendments to existing accounts of Europeanization and varieties of capitalism. Scholars of Europeanization need to incorporate bottom-up re-regulation into their conceptual framework, particularly in response to 'negative integration'. Recent strides in comparative political economy have placed great emphasis on continued divergence, yet this study suggests that even within the presumably unified group of 'non-liberal' coordinated market economies important institutional differences produce very distinct responses in the face of European liberalization.

Download or read book The Economics of the Global Defence Industry written by Keith Hartley and published by Routledge. This book was released on 2019-11-08 with total page 499 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book makes an original contribution to our knowledge of the world’s major defence industries. Experts from a wide range of different countries – from the major economies of North America and Western Europe to developing economies and some unique cases such as China, India, Singapore, South Africa and North Korea – describe and analyse the structure, conduct and performance of the defence industry in that country. Each chapter opens with statistics on a key nation’s defence spending, its spending on defence R&D and on procurement over the period 1980 to 2017, allowing for an analysis of industry changes following the end of the Cold War. After the facts of each industry, the authors describe and analyse the structure, conduct and performance of the industry. The analysis of ‘structure’ includes discussions of entry conditions, domestic monopoly/oligopoly structures and opportunities for competition. The section on ‘conduct’ analyses price/non-price competition, including private and state funded R&D, and ‘performance’ incorporates profitability, imports and exports together with spin-offs and technical progress. The conclusion explores the future prospects for each nation’s defence industry. Do defence industries have a future? What might the future defence firm and industry look like in 50 years’ time? This volume is a vital resource and reference for anyone interested in defence economics, industrial economics, international relations, strategic studies and public procurement.

Download or read book Ownership Structure of the 250 Largest Companies in Germany written by Sabine B. Klein and published by . This book was released on 2002 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Decline of British Industry Its Cause and Remedy written by Fedor Aronovich Rotshtein and published by . This book was released on 1903 with total page 96 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Financing of Small Firms in Germany written by Christian Harm and published by World Bank Publications. This book was released on 1992 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: