and the possibility of control contests may make the votes held by small investors pivotal, and therefore valuable. Second …

Using a unique, large panel of German firms, we examine whether participation in business groups reduces the … sensitivity of investment to cash flow. The main finding is that the reduction in the sensitivity is small for small firms and … negligible for medium and large firms. We argue that by virtue of the continental business model, gains from business groups …

, thus indicating a safe strategy of PE investors. Third, we do not find empirical evidence that a PE investor comes in to …The paper investigates the motives of activity (entry and exit) of Private Equity (PE) investors in European companies … follows. First, PE firms are less willing to enter the firm if there is already a blocking majority, and they are more likely …

their performance. Previous studies documented the unambiguous merit of a buyout during the 1980s and 1990s for listed firms … in the US and UK markets. This study analyzes such influences in both listed and unlisted European firms during 2002 …

, thus indicating a safe strategy of PE investors. Third, we do not find empirical evidence that a PE investor comes in to …The paper investigates the motives of activity (entry and exit) of Private Equity (PE) investors in European companies … follows. First, PE firms are less willing to enter the firm if there is already a blocking majority, and they are more likely …

it differs from the effect of two other important types of financial investors: banks and non-bank financial firms. We … firms whether Private Equity' or other financial investors' ownership matter. The empirical analysis suggests three major …-bank financial firms up to 50 percent is lower than the out-performance of a firm that does not have such ownership. …

their performance. Previous studies documented the unambiguous merit of a buyout during the 1980s and 1990s for listed firms … in the US and UK markets. This study analyzes such influences in both listed and unlisted European firms during 2002 …