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unbiased informative ranking. The existence of the ranking might affect the welfare of all consumers negatively. With rigid â€¦ prices, the ranking induced change in demand can be detrimental to all consumers in markets featuring rationing or â€¦ consumption externalities. With perfectly flexible prices, the ranking might increase firms' market power, and hence lead to â€¦
Persistent link: https://www.econbiz.de/10013024517
Christoph Rose provides a broader differentiation of the perspective on family-owned companies. In contrast to several studies that merely discuss family-owned companies and non-family companies, his analysis is based on family influence, so the dominating heterogeneity of family-owned companies...
Persistent link: https://www.econbiz.de/10012396230
Identification of three key topics and research gaps in the literature on VBM in Mittelstand -- Framework for the evaluation of the role of VBM in Mittelstand -- Use of management tools in strategic decision-making -- Specific objectives and nuances in the overall target course -- Understanding...
Persistent link: https://www.econbiz.de/10012399184
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Small and medium-sized firms are a prevalent organizational form in Germany. Their importance for the German economy is indisputable. Most of them are global market leaders in their niches and are considered to be a force for innovation in the German economy. The ability to be innovative in...
Persistent link: https://www.econbiz.de/10014016451
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The practice of adopting adults, even if one has biological children, makes Japanese family firms unusually competitive. Our nearly population-wide panel of postwar listed nonfinancial firms shows inherited family firms more important in postwar Japan than generally realized, and also performing...
Persistent link: https://www.econbiz.de/10013128613
Family firms depend on a succession of capable heirs to stay afloat. If talent and IQ are inherited, this problem is mitigated. If, however, progeny talent and IQ display mean reversion (or worse), family firms are eventually doomed. This is the essence of the critique of family firms in...
Persistent link: https://www.econbiz.de/10013138398
We exploit a unique combination of administrative sources and survey data to study the match between firms and managers. The data includes manager characteristics, such as risk aversion and talent; firm characteristics, such as ownership; detailed measures of managerial practices relative to...
Persistent link: https://www.econbiz.de/10013115322
In part due to the popular perception that Big-Boxes displace smaller, often family owned (a.k.a. Mom-and-Pop) retail establishments, several empirical studies have examined the evidence on how Big-Boxes' impact local retail employment but no clear consensus has emerged. To help shed light on...
Persistent link: https://www.econbiz.de/10013070778