Compliance with the corporate governance codes

The (Ir)relevance of Disclosure

of Compliance with Corporate Governance Codes -

Evidence from the German Stock Market

By Eric Nowak

The paper to be presented at the seminar studies the short- and long-run announcement effects of declaring compliance with the German Corporate Governance Code (‘the Code’). A hand-collected data set of 317 German listed firms from 2002-2005 is examined.

Please find the working paper attached below