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Von der Brse zum Wertpapiermarktorganisator

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Product Details

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9783824405565
Condition
New
Product Description

Brsen bilden das Rckgrat moderner Wertpapiermrkte, sind aber seit einigen Jahren zunehmendem Wettbewerbsdruck ausgesetzt. Triebkrfte des Wettbewerbs sind unter anderem so genannte alternative Handelsanbieter, die die Dominanz berkommener Institute in Frage stellen. Dabei wird immer deutlicher, dass bei den traditionellen Anbietern mglichen Skalenvorteilen eine grere Unbeweglichkeit gegenbersteht, die unter anderem auf inadquate Anreiz- und Kontrollstrukturen zurckzufhren ist. Auf der Basis eines theoretischen Modells und zweier empirischer Untersuchungen analysiert Jens Schulte die optimale Gestaltung der Corporate Governance von Wertpapiermarktorganisatoren. Unter diesem Begriff fasst er ebenso Brsen und die damit verbundenen Informationsanbieter und Clearingstellen wie die alternativen Wettbewerber. Die Arbeit integriert Erkenntnisse der neueren institutionenkonomischen Theorie und der Kapitalmarktforschung und mndet in Empfehlungen fr Leitlinien praktischer Governance-Gestaltung.

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