European Corporate Governance Reform and the German Party Paradox. CES Germany & Europe Working Papers, No. 03.1, 2003

This paper addresses the current discussion on links between party politics and production regimes. Why do German Social Democrats opt for more corporate governance liberalization than the CDU although, in terms of the distributional outcomes of such reforms, one would expect the situation to be reversed? I divide my analysis into three stages. First, I use the European Parliament’s crucial vote on the European takeover directive in July 2001 as a test case to show that the left-right dimension does indeed matter in corporate governance reform, beside cross-class and cross-party nation-based interests. In a second step, by analyzing the party positions in the main German corporate governance reforms in the 1990s, I show that the SPD and the CDU behave “paradoxically” in the sense that the SPD favored more corporate governance liberalization than the CDU, which protected the institutions of “Rhenish,” “organized” capitalism. This constellation occurred in the discussions on company disclosure, management accountability, the power of banks, network dissolution, and takeover regulation. Third, I offer two explanations for this paradoxical party behavior. The first explanation concerns the historical conversion of ideas. I show that trade unions and Social Democrats favored a high degree of capital organization in the Weimar Republic, but this ideological position was driven in new directions at two watersheds: one in the late 1940s, the other in the late 1950s. My second explanation lies in the importance of conflicts over managerial control, in which both employees and minority shareholders oppose managers, and in which increased shareholder power strengthens the position of works councils.

Die galvanoplastik für künstler, gewerbtreibende und freunde der numismatik ... Nebst ergänzenden zusätzen des uebersetzers.

Errors in paging.

Geschichte und beschreibung von Newfoundland und der kuste Labrador,

Mode of access: Internet.

D. Martin Luthers Werke.

This book is a pre-publication prospectus of the Weimar Edition of Luther's Works. It contains a table of contents as well as the anticipated publication date for each forthcoming volume. As they are printed, each volume of Luther's works will be divided into four "series": I: Werke; II: Tischreden; III: Deutsche Bibel; IV: Briefe.

Ansichten der Literatur und Kunst unsres Zeitalters.

The color plate is titled "Versuch auf den Parnass zu gelangen" and depicts German literary figures. The second plate is printed on transparent glassine paper and includes explanatory captions.

Zeitschrift der Savigny-Stiftung für Rechtsgeschichte.

Recently published articles

Goethes eigenhaendige Reinschrift des West-oestlichen Divan.

Mode of access: Internet.

Grundsätze und Erfahrungen über den Bau und die Anlegung von Glashäusern aller Art als Glaskästen, Orangerien, kalten, gemässigten, warmen Häusern und Treibhäusern mit der Einrichtung von Rauchkanälen, Wasser- und Dampfheizungen.

Mode of access: Internet.

Zeitschrift für bücherfreunde.

Each volume includes separately paged "Beilblatt".

Die Schmarotzer auf und in dem Körper unserer Haussäugethiere, sowie die durch erstere veranlassten Krankheiten, deren Behandlung und Verhütung /

I. Die thierischen Parasiten auf und in dem Körper unserer Haussäugethiere, ... II. Die pflanzlichen Parasiten auf und in dem Körper unserer Haussäugethiere,

Herzog Albrecht von Sachsen-Teschen als Reichs-feld-marschall. Ein Beitrag zur Geschichte des Reichsverfalles und das Baseler Friedens.

Bd. 2 has both general and special title-pages.

The Masquerade, and other poems /

Mode of access: Internet.

Ueber musikalische herausgeberarbeit,

Address delivered before the Gesellschaft der bibliophilen, October 1921.