listed companies. This article introduces the concept of an ownership-based style index of listed firms in Germany, the …

the influence of three distinct components of a family firm: ownership, supervisory and management board activities by the … contrast, the influence of ownership and supervisory board representation is insignificant in almost all of our models. In line …

Around the world (with the U.S. and U.K. as exceptions) concentrated ownership structures and controlling shareholders … 1995 to 2006 period from Germany, an economy that is traditionally characterized by concentrated ownership structures and … total payouts. This result is driven by family ownership rather than family management. Conflicts between the founding …

to be driven mainly by firms with managerial ownership. In a second step, we test how different corporate governance …

-float are likely to grant stock-based long-term incentives. Furthermore, we find that high inside ownership and large …

distinct characteristics with regard to the ownership structure of publicly listed companies and the protection of minority … shareholding of the second largest ownership block. The latter effect can be interpreted as a supplementary monitoring effect of …

decades has led to higher levels of common ownership and increased attention on the topic by academic researchers. A consensus … has yet to emerge from the literature regarding the consequences of increased common ownership on firm behavior and market … provides an overview of the theoretical underpinnings of common ownership and critically reviews the empirical literature …