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Abstract This paper analyses succession in family firms from a contractual perspective. A firm is regarded as a nexus of contractual relations with owners, employees, suppliers of goods and services and customers. These contractual parties are in differing degrees tied to the firm through asset...
Persistent link: https://www.econbiz.de/10011095573
This paper investigates how family ownership, control, and management affect firms’ investment performance. We use the identity of Chief Executive Officer (CEO) and Chairman of the Board (COB) to establish under what management the firm is: founder, descendant, or external management. The...
Persistent link: https://www.econbiz.de/10008563369
This paper contributes to the literature on ownership, control and performance by exploring these relationships for Swedish listed companies (1997-2002). We find that firms, on average, are making inferior investment decisions and that the use of dual-class shares have a negative effect on...
Persistent link: https://www.econbiz.de/10005642406
Failure of projects and firms are an inherent element of growth. Economic growth requires that old activities are phased out to make room for new ones, and that economic resources are reallocated from activities that are no longer profitable. In an economy where most firms are financed by debt...
Persistent link: https://www.econbiz.de/10005642459
), discouraging innovative product competition and entrepreneurship. The larger part of cost escalation in US health care can be …
Persistent link: https://www.econbiz.de/10005642395
My main purpose is to connect the issue of property rights to the set of questions concerning economic growth and the long-term determinants of the improvements in material well-being. To anticipate what will be my main conclusion, it is that property rights and economic growth are not...
Persistent link: https://www.econbiz.de/10005419171
analysis: First, do industries with a greater need for new technology-based entrepreneurship grow disproportionately faster …
Persistent link: https://www.econbiz.de/10008914331
geography and population ecology to the entrepreneurship literature as to present a theoretical framework that captures both …
Persistent link: https://www.econbiz.de/10008642551
to integrate entrepreneurship and family business research. We provide a comprehensive literature review of succession … literatures on entrepreneurship, family firms, and governance in private firms. The paper explores theoretical, conceptual, and … methodological ways of integrating these findings into the research on entrepreneurship and family business. …
Persistent link: https://www.econbiz.de/10008642552
We use data from the Global Entrepreneurship Monitor (GEM) and the Global Leadership and Organizational Behavior … entrepreneurship. …
Persistent link: https://www.econbiz.de/10010704424