competition is weak and/or when (b) family-owned firms pass management control down to the eldest sons (primo geniture). European … firms report lower levels of competition, while French and British firms also report substantially higher levels of primo … market competition and family firms account for about half of the long tail of badly managed firms and up to two thirds of …

This paper centres around the question of ownership of firms and managerial competition and how these affect managers … affected by both ownership and competition since both ownership structure and competition provide bargaining chips to employees … fierce market competition and no lock-in the allocation of ownership does not play a role (as one might expect), provided …

rely much more heavily on the dynastic family firm, where ownership and control are passed on from one generation to the …

This paper examines whether the export decision of firms is affected by their ownership structure, specifically it …

We study the relationship between liquid asset holding and the pattern of share ownership and control structures within … institutions of control oriented finance. The data include information on ownership concentration, voting alliances, managerial … ownership, membership in family groups, institutional cross-share holdings, and coordination centers which under Belgian law …

constitutions: non-profit cooperatives and outside ownership. In the former, ownership is shared among a group of consumers on a one … case of perfect competition, an outside owner achieves the first-best; a cooperative typically does not, because the rent …

We show that allocation of ownership matters even in a long-term relationship where problems of opportunism are less … severe unless agents are very patient. Ownership structure is chosen to give the agents best incentives to cooperate. The … be minimal. The worst ownership structure of the one-shot game is good in the repeated setting because it provides the …

means. We develop a model in which a CEO's ownership stake and private benefits have opposite effects on his willingness to … optimally commit to a low monitoring intensity when either CEO ownership is low or private benefits are high. Our model suggests … that the existing cross-section evidence on the correlation between board composition and CEO ownership and tenure needs re …

This paper analyzes the interaction between legal shareholder protection, managerial incentives, and outside ownership … of this latter e¤ect and its repercussion on managerial incentives, outside ownership concentration and legal shareholder … large and small shareholders. In the extended framework with monetary incentives, ownership is fully dispersed when legal …