Essays on empirical corporate governance [Elektronische Ressource] / Christoph Schneider

Christoph Schneider Essays on Empirical Corporate Governance Inauguraldissertation zur Erlangung des akademischen Grades eines Doktors der Wirtschaftswissenschaften der Universität Mannheim. Vorgelegt im Frühjahrssemester 2009 1 Dekan: Professor Dr. Hans H. Bauer Referent: Professor Ernst Maug, Ph.D. Korreferent: Professor Dr. Holger Daske Tag der Disputation: 05. Oktober 2009 1Contents I Introduction .................................................................................................. 8 1 Overview ....................................................................................................................... 8 2 Corporate governance 9 3 Outline of the thesis.................................................................................................... 15 II Bankers on the Boards of German Firms: What they do, what they are worth, and why they are (still) there ............................................................... 19 1 Introduction ................................................................................................................ 19 2 Literature review and hypothesis development....................................................... 23 2.1 Bankers provide capital markets expertise........................................................... 23 2.2 Bankers monitor non-financial firms ...................................................................