Minority Shareholder Monitoring and German Corporate Governance

This book comprises studies on minority shareholder monitoring in Germany. The work as a whole is empirical evidence for increased minority shareholder activity in Germany. The evidence presented supports the strong shareholder rights perspective. It conflicts with the weak shareholder rights view brought forward in the international literature.

Christian Thamm earned a degree in business law completing his thesis on the Mannesmann trial. He also earned a business degree in finance with his second thesis investigating reasons for the failed takeover of ProSiebenSat.1 Media by Axel Springer. At Technische Universität Darmstadt the author was research assistant at the Chair of Corporate Finance.

Contents: Empirical analysis of minority shareholder activism in Germany – Event study on activist events between 1999 and 2011 – Abnormal returns are linked to supervisory board election – Value creation through minority shareholder monitoring – Strong shareholder rights perspective.