Bankers on the Boards of German Firms: What they do, what they are worth, and why they are (still) there
This website provides interested readers with additional materials on the paper "Bankers on the Boards of German Firms: What they do, what they are worth, and why they are (still) there" by Ingolf Dittmann, Ernst Maug and Christoph Schneider. The study won the joint first prize of the ECGI Corporate Governance Best Paper Competition and the joint second prize ("Highly commended") at the 6th International Conference on Corporate Governance at Birmingham Business School. It also triggered a discussion in the business press. Handelsblatt, 14 April 2008: “Banker im Aufsichtsrat richten Schaden an”, Economist, 1 May 2008: “European boards: Money spinners” and The Daily Telegraph, 5 June 2008: “Germans get little reward from having banks on board” reported on this study dealing with the role of bankers in German non-financial firms. The study was also cited in Der Aufsichtsrat, 5/2008.
Paper
The latest working paper version can be downloaded from SSRN. The paper is published in the Review of Finance, 2010, 14, 35-71.



