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Schmid, F. Banken, Aktionärsstruktur und Unternehmenssteuerung (Teil II). Credit and Capital Markets – Kredit und Kapital, 29(4), 545-564.
Schmid, Frank A. "Banken, Aktionärsstruktur und Unternehmenssteuerung (Teil II)" Credit and Capital Markets – Kredit und Kapital 29.4, 1996, 545-564.
Schmid, Frank A. (1996): Banken, Aktionärsstruktur und Unternehmenssteuerung (Teil II), in: Credit and Capital Markets – Kredit und Kapital, vol. 29, iss. 4, 545-564, [online]


Banken, Aktionärsstruktur und Unternehmenssteuerung (Teil II)

Schmid, Frank A.

Credit and Capital Markets – Kredit und Kapital, Vol. 29 (1996), Iss. 4 : pp. 545–564

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Frank A. Schmid, Philadelphia/USA


  1. Böhm, J. (1992): Der Einfluß der Banken auf Großunternehmen. Hamburg.  Google Scholar
  2. Cable, J. (1985): Capital Market Information and Industrial Performance: The Role of West German Banks. Economic Journal 95, 118 - 132.  Google Scholar
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Banks, Shareholder Structure and Corporate Control (Part II)

This study investigates the impact of shareholder structure on firm performance. Two samples of large German stock corporations are analyzed. It can be shown that equity positions of banks have a positive impact on firm performance in 1974. In 1985, however, no impact of banks can be identified that goes beyond the positive influence of nonbank blockholders. The hypothesis is rejected that there has been no structural change between these two periods. An analysis of the banks’ supervisory board representation contradicts Edwards and Fischer (1994). These authors claim that the banks’ proxy voting does not translate into board seats held by banks.