German executives are not dedicated to the maximization of shareholder value to the degree that is the case for executives in the United Kingdom and the United States largely because:
A) the roles of CEO and chairperson of the board of directors are usually combined.
B) large institutional investors control large blocks of stock.
C) private shareholders and large institutional investors rarely have large ownership positions in firms.
D) of the focus on stewardship-management in German firms rather than the financial performance focus of U.S.firms.

Question

Quizplus · Accepted Answer

German firms typically have a more dispersed ownership structure, with private shareholders and large institutional investors rarely holding large ownership positions, leading to less emphasis on maximizing shareholder value compared to the UK and US.

German Executives Are Not Dedicated to the Maximization of Shareholder