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Dynastic management is the inter-generational transmission of control over assets that is typical of family-owned firms …. It is pervasive around the World, but especially in developing countries. We argue that dynastic management is a … incidence of dynastic management depends on the severity of asset-market imperfections, on the economy's saving rate, and on the …
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that the law constrains managerial majority shareholders, both in their day-to-day management and when they redeem the …
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This paper documents for a sample of 327 US acquisitions between 1975 and 1987 three forces that systematically reduce the announcement day return of bidding firms. The returns to bidding shareholders are lower when their firm diversifies, when it buys a rapidly growing target , and when the...
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/supervisory practices and "tough" management opposition to unionism. - that a high innate propensity for a union victory deters management … management opposition, reflected in diverse forms of behavior, is a key component in the on-going decline in private sector …
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