Showing 1 - 10 of 10
Shares with more voting rights than cash flow rights provide their owners with a disproportional influence that is often found to destroy the value of outside equity. This is taken as evidence of discretionary use of power. However, concentration of power does not necessarily result from control...
Persistent link: https://www.econbiz.de/10008764025
We contrast the performance consequences of intra-family vs. external ownership transfers. Investigating a sample of …-family transfers. We attribute these performance differences to the long-term orientation of family firms passed on to the next … and theoretical mechanisms explaining performance differences, we outline implications for family business and …
Persistent link: https://www.econbiz.de/10009246580
performance of new ventures. We propose an alternate framework demonstrating how experience translates into expertise by arguing … that the positive experience-performance relationship only appears to expert entrepreneurs, while novice entrepreneurs may … actually perform increasingly worse because of their inability to generalize their experiential knowledge accurately into new …
Persistent link: https://www.econbiz.de/10010818702
investment performance we used a measure of marginal q which measures the ratio of the investment returns to cost of capital …. Institutional owners are found to have had a positive effect on performance, with a marginally diminishing effect of institutional … performance, eradicating the positive influence of institutional ownership. …
Persistent link: https://www.econbiz.de/10011095552
entry, performance, and survival. Using propensity score matching, we compare three Swedish cohorts from Junior Achievement …
Persistent link: https://www.econbiz.de/10011106045
performance is analyzed. Since the data is collected as repeated cross sections and firms are not identified over time, the … decisive role in survival of firms and their employment growth as well. Moreover, survival and performance of firms are …
Persistent link: https://www.econbiz.de/10005642438
performance. To measure investment performance Mueller and Reardon’s (1993) marginal q is used, although derived directly from … both domestic and foreign institutional owners positively influence firm performance. Furthermore a non-linear relation … between institutional ownership concentration and performance is found. This is consistent with positive incentive effects and …
Persistent link: https://www.econbiz.de/10005642441
The paper studies the shift in managing the state or public enterprises from a perspective of policy learning during the period 1982-1991 in Sweden. There was a significant reversal in the policy around state enterprises sector from 1982 towards a more market oriented business approach. The aim...
Persistent link: https://www.econbiz.de/10009320813
agglomeration effects arise from access to i) specialized labor, ii) specialized suppliers, and iii) knowledge dispersion (Marshall …, networks, face-to-face communication, knowledge spillovers, and spatial proximity for the organization of the financial … industry. These factors accentuate the importance of local knowledge and the dispersion of knowledge, factors that have been …
Persistent link: https://www.econbiz.de/10009651233
Articulate knowledge entails the triad: information, interpretation, and judgment. Information is the reading of the … interpretation were symmetric and final. This move has the effect of flattening knowledge down to information – here dubbed … “knowledge flat-talk.” Economic prosperity depends greatly on discovery, but discovery is often a transcending of the working …
Persistent link: https://www.econbiz.de/10005015203