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Inter vivos transfers of ownership in family firms

Hines, James R.; Potrafke, Niklas; Riem, Marina; … - 2016

This paper examines the determinants of inter vivos (lifetime) transfers of ownership in German family firms between 2000 and 2013. Survey evidence indicates that owners of larger firms, and firms with strong current business conditions, transfer ownership at higher rates than others. When a...

Persistent link: https://www.econbiz.de/10011482489

The bright side of the GDPR : welfare-improving privacy management

Choe, Chongwoo; Matsushima, Noriaki; Shekhar, Shiva - 2023

We study the GDPR's opt-in requirement in a model with a firm that provides a digital service and consumers who are heterogeneous in their valuations of the firm's service as well as the privacy costs incurred when sharing personal data with the firm. We show that the GDPR boosts demand for the...

Persistent link: https://www.econbiz.de/10014334058

Selling reputation when going out of business : presented at CEFifo Area Conference on Industrial Organisation, March 2004

Hakenes, Hendrik; Peitz, Martin - CESifo Area Conference on Industrial Organisation … - 2004

Is the reputation of a firm tradeable when the previous owner has to retire even though ownership change is observable? We consider a competitive market in which a share of owners must retire in each period. New owners, observing only recent profits, bid for the firms on sale. Customers are...

Persistent link: https://www.econbiz.de/10011449475

All in the family or public? : law and appropriative costs as determinants of ownership structure

Castillo C., Ramón; Skaperdas, Stergios - 2003

We examine how the legal protection of outside shareholders and the appropriative costs that they induce influence the incentives for private firms to go public. A higher degree of protection of shareholders can increase the appropriative costs associated with the conflict between managers and...

Persistent link: https://www.econbiz.de/10011507775

Market competition or family ties : which prevails on Italian CEOs pay?

Graziano, Clara; Rondi, Laura - 2015 - This draft: June 8, 2015

The paper analyzes the interplay of product market competition and governance on CEO compensation in Italian listed firms from 2000 to 2011 and tests the impact of the 2007-08 financial crisis on pay-performance sensitivity. We argue that important differences both in the level of compensation...

Persistent link: https://www.econbiz.de/10011280832

Import competition, heterogeneous preferences of managers, and productivity

Chen, Cheng; Steinwender, Claudia - 2019

When managers have objectives beyond maximizing monetary profits, inefficiencies may arise. An increase in competition may then force managers to improve the productivity of the firm in order to ensure survival. While this hypothesis has received ample theoretical attention, empirical evidence...

Persistent link: https://www.econbiz.de/10012156535

Employee spinouts, social networks, and family firms

Rauch, James E. - 2013

Recently collected data show that, within any manufacturing industry, vertically integrated firms tend to have larger, higher productivity plants, account for the bulk of sales, and also sell externally most of the inputs they produce. In a weak contracting environment characteristic of...

Persistent link: https://www.econbiz.de/10010223389

Should continued family firms face lower taxes than other estates?

Grossmann, Volker (contributor); Strulik, Holger (contributor) - 2008

Persistent link: https://www.econbiz.de/10003641763

FamData: database for family business companies in Germany covering company key figures and survey data

Garnitz, Johanna; Maltzan, Annette von; Wohlrabe, Klaus - 2023

FamData is a database covering family businesses and non-family businesses across various size classes and branches containing structural and financial information. The ifo Institute assembled a business panel with executives from almost 4,000 companies. In addition to the "hard" business data...

Persistent link: https://www.econbiz.de/10014309600

Do generous parental leave policies help top female earners?

Corekcioglu, Gozde; Francesconi, Marco; Kunze, Astrid - 2020

Generous government-mandated parental leave is generally viewed as an effective policy to support women’s careers … around childbirth. But does it help women to reach top positions in the upper pay echelon of their firms? Using longitudinal … that expanded paid leave from 30 weeks in 1989 to 52 weeks in 1993. The representation of women in top positions has only …

Persistent link: https://www.econbiz.de/10012223860