Schmid, Thomas; Ampenberger, Markus; Kaserer, Christoph; … - 2010
Around the world (with the U.S. and U.K. as exceptions) concentrated ownership structures and controlling shareholders … 1995 to 2006 period from Germany, an economy that is traditionally characterized by concentrated ownership structures and … total payouts. This result is driven by family ownership rather than family management. Conflicts between the founding …