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Vollmachtstimmrecht aus ökonomischer Sicht

Vollmachtstimmrecht aus ökonomischer Sicht

          
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About the Book

Inhaltsangabe: Untersuchungen der Teilnehmerstruktur an Hauptversammlungen börsennotierter Aktiengesellschaften in Deutschland, die sich in mehrheitlichem Streubesitz befinden, zeigen ein deutliches Desinteresse von Kleinaktionären, die ihnen durch das Aktiengesetz zugesicherten Einfluß- und Informationsrechte selbst aktiv zu nutzen. In einer Untersuchung stellten Baums und Fraune fest, daß auf Hauptversammlungen im Jahr 1992 im Durchschnitt nur 58,05 % aller Stimmen vertreten waren. Von den anwesenden Stimmen wurden wiederum durchschnittlich ca. 84 % durch Banken ausgeübt. Interessant ist die Zusammensetzung der durch Banken vertretenen Stimmrechtsanteile. Zwei Sachverhalte sind bei der Studie von Baums und Fraune auffällig: Untergliedert man die Stimmrechtsanteile der Banken nach ihrer Herkunft, so stellt man einen hohen Anteil an Vollmachtstimmrechten fest. Diese betragen im Durchschnitt 60,95 % der anwesenden Stimmen. Eine weitere Auffälligkeit ergibt sich durch eine Untergliederung des Bankensektors in Bankenarten. Ein Großteil von Stimmen wird durch drei Großbanken ausgeübt: die Deutsche Bank, die Dresdner Bank und die Commerzbank. Durchschnittlich verfügen diese drei Kreditinstitute zusammen über 34,74 % der Stimmen in den untersuchten Hauptversammlungen. Die beschriebene Situation läßt auf große Einflußmöglichkeiten des Bankensektors auf Unternehmen schließen. Zum einen entstehen diese Einflußmöglichkeiten aus den direkten Unternehmensbeteiligungen der Banken und zum anderen ergeben sie sich aus den ihnen erteilten Vollmachtstimmrechten. Diese Arbeit diskutiert die Folgen, die sich aus einer Stimmrechtsabtretung durch Aktionäre an ihre Banken ergeben. Von zentraler Bedeutung sind dabei die ökonomischen Auswirkungen, die sich aus einer veränderten Unternehmenskontrolle ergeben. Des weiteren wird das Desinteresse von Kleinaktionären, an einer Hauptversammlung teilzunehmen, aus ökonomischer Sicht untersucht. Bei den in dieser Arbeit betrachteten Unternehmen


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Product Details
  • ISBN-13: 9783838647197
  • Publisher: Diplom.de
  • Binding: Paperback
  • Language: German
  • Returnable: N
  • Spine Width: 4 mm
  • Width: 148 mm
  • ISBN-10: 383864719X
  • Publisher Date: 19 Nov 2001
  • Height: 210 mm
  • No of Pages: 64
  • Series Title: German
  • Weight: 95 gr


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Vollmachtstimmrecht aus ökonomischer Sicht
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