Chapter

The German Banking System and its Impact on Corporate Finance and Governance

Theodor Baums

in The Japanese Main Bank System

Published in print February 1995 | ISBN: 9780198288992
Published online August 2004 | e-ISBN: 9780191601224 | DOI: http://dx.doi.org/10.1093/0198288999.003.0012
 The German Banking System and its Impact on Corporate Finance and Governance

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This chapter examines the German banking system. It begins with an overview of the structure of the German banking system and its special traits. The links between German banks and firms, and the advantages and disadvantages of German corporate governance are analysed. Finally, a comparison is made between the monitoring potential of a system that relies on a market for corporate control, and a bank-oriented corporate governance system.

Keywords: German banking system; German banks; corporate finance; corporate governance; control

Chapter.  16729 words.  Illustrated.

Subjects: Financial Markets

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