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Volkswagen has been involved in a massive emissions regulation evasion scheme, from 2007 to 2015, the Environmental Protection Agency has disclosed that the company cheated

Volkswagen has been involved in a massive emissions regulation evasion scheme, from 2007 to 2015, the Environmental Protection Agency has disclosed that the company cheated on federal emissions tests. Briefly explain how the following dimensions in the German corporate governance context likely contributed to the scandal: ownership structure, capital market efficiency, legal tradition, disclosure regime, regulatory environment, and societal/cultural factors.

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