Research Summary
Research Summary
Comparative Financial Systems and Corporate Governance
Description
One implication of the inherent logic of a financial system lies in the effects on corporate governance. Differences in financial systems across countries -- for instance, in terms of the role of banks, equity markets, and shareholder voting systems -- result in differences in how corporations are governed. These differences affect corporate behavior and corporate performance. Based on previous studies on corporate governance in Japan and the European Union, Ulrike Schaede is now involved in a large-scale research project aimed at analyzing these systemic differences and their ramifications in a comparative approach.