Ehrhardt, Olaf; Nowak, Eric; Weber, Felix-Michael - Institut für Schweizerisches Bankwesen <Zürich> - 2006
In this study we analyze the evolution of ownership, control, and performance in German founding-family-owned firms over the last century. We begin by identifying German family-owned stock companies (Aktiengesellschaften) founded before World War I and still in existence in 2003 with sales...