Corporate Governance in Germany
نویسنده
چکیده
Corporate governance is concerned with the institutions that influence how business corporations allocate resources and returns. A system of corporate governance shapes who makes investment decisions in corporations, what types of investments they make, and how returns from investments are distributed. Retained earnings—undistributed profits and capital consumption allowances—have always provided the financial resources for investments in physical and human capital that make economic development possible. How major corporations allocate their vast revenues is a matter of strategic choice, and the strategic choices of corporate decision makers have profound effects on employment opportunities, income levels, and international competitiveness.
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