Rise and fall of a church-affiliated building and loan society 1926-1931
The Bausparkasse Devaheim was a building and loan society affiliated with the Lutheran church in Germany. Founded as part of the initial wave of the German building society movement, Devaheim's rapid rise was the result of the housing shortage during the Weimar Republic. Its sudden collapse was...
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| Veröffentlicht in: | Zeitschrift für Unternehmensgeschichte 2011-01, Vol.56 (1), p.3-28 |
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| creator | Körnert, Jan Grube, Klemens |
| description | The Bausparkasse Devaheim was a building and loan society affiliated with the Lutheran church in Germany. Founded as part of the initial wave of the German building society movement, Devaheim's rapid rise was the result of the housing shortage during the Weimar Republic. Its sudden collapse was due to a combination of factors, including: nepotism within its management structures; a lack of professional ability and personal integrity on the part of its managers; an alarming expansion of its business lines; and an organisational structure conducive to concealing fraud. The offences committed by those in charge were punished by prison sentences and fines. The financial damage inflicted on Devaheim's approximately 16,000 savers and on the building society movement as a whole could only be partly offset by subsequent government assistance. Abstract printed by permission of the publisher |
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Founded as part of the initial wave of the German building society movement, Devaheim's rapid rise was the result of the housing shortage during the Weimar Republic. Its sudden collapse was due to a combination of factors, including: nepotism within its management structures; a lack of professional ability and personal integrity on the part of its managers; an alarming expansion of its business lines; and an organisational structure conducive to concealing fraud. The offences committed by those in charge were punished by prison sentences and fines. The financial damage inflicted on Devaheim's approximately 16,000 savers and on the building society movement as a whole could only be partly offset by subsequent government assistance. 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Abstract printed by permission of the publisher</description><subject>Business history</subject><subject>Business management</subject><subject>Co-operative banks</subject><subject>Financial institutions</subject><subject>Fraud</subject><subject>Germany</subject><subject>Lutheran Church</subject><subject>Nepotism</subject><subject>Organizational structure</subject><issn>0342-2852</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2011</creationdate><recordtype>article</recordtype><recordid>eNqNzLsOwiAUgGEGTayXdzibEwmlSOhsNJ2Ne4NcLAZBe8rg22uMD-D0L1_-GalYIzjlascXZIl4Y0xKxURFulNABzpZ8DpGyB40mKGMZqDa-xCDnpyFSwnRhnT9wph1AswmuOkFdcslrdumXpP554Bu8-uKbI-H876jjzE_i8Opvwc0LkadXC7YKyWUEFzI5n_5Bs6lPNE</recordid><startdate>20110101</startdate><enddate>20110101</enddate><creator>Körnert, Jan</creator><creator>Grube, Klemens</creator><scope>8BJ</scope><scope>FQK</scope><scope>JBE</scope></search><sort><creationdate>20110101</creationdate><title>Rise and fall of a church-affiliated building and loan society 1926-1931</title><author>Körnert, Jan ; Grube, Klemens</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-proquest_miscellaneous_8848442463</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>ger</language><creationdate>2011</creationdate><topic>Business history</topic><topic>Business management</topic><topic>Co-operative banks</topic><topic>Financial institutions</topic><topic>Fraud</topic><topic>Germany</topic><topic>Lutheran Church</topic><topic>Nepotism</topic><topic>Organizational structure</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Körnert, Jan</creatorcontrib><creatorcontrib>Grube, Klemens</creatorcontrib><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>International Bibliography of the Social Sciences</collection><collection>International Bibliography of the Social Sciences</collection><jtitle>Zeitschrift für Unternehmensgeschichte</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Körnert, Jan</au><au>Grube, Klemens</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Rise and fall of a church-affiliated building and loan society 1926-1931</atitle><jtitle>Zeitschrift für Unternehmensgeschichte</jtitle><date>2011-01-01</date><risdate>2011</risdate><volume>56</volume><issue>1</issue><spage>3</spage><epage>28</epage><pages>3-28</pages><issn>0342-2852</issn><abstract>The Bausparkasse Devaheim was a building and loan society affiliated with the Lutheran church in Germany. 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| identifier | ISSN: 0342-2852 |
| ispartof | Zeitschrift für Unternehmensgeschichte, 2011-01, Vol.56 (1), p.3-28 |
| issn | 0342-2852 |
| language | ger |
| recordid | cdi_proquest_miscellaneous_884844246 |
| source | Jstor Complete Legacy |
| subjects | Business history Business management Co-operative banks Financial institutions Fraud Germany Lutheran Church Nepotism Organizational structure |
| title | Rise and fall of a church-affiliated building and loan society 1926-1931 |
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