Recent research indicates that the majority of listed firms in Germany (and also in many other countries around the world) have a dominant owner rather than being widely-held. Hence, owner-dominated firms comprise an important subset of listed companies. This article introduces the concept of an...

Since private equity investments are not publicly traded, a key issue in measuring investment risks of institutional private equity investors arises from a careful measurement of investment returns in the first place. Prices of private equity investments are typically observed at low frequency...

Im Sommer 2003 beschlossen die StartUp-Initiative und das Center for Entrepreneurial and Financial Studies (CEFS), gemeinsam eine wissenschaftliche Untersuchung durchzuführen, um Erkenntnisse über die aktuelle Entwicklung junger, innovativer Unternehmen in Deutschland zu gewinnen. Im...

In January 2010 the Deutsche Börse Group introduced two family firm stock indices. Both indices are calculatedas price and performance indices and extend the number of investment strategy indices of Deutsche BörseGroup. The DAXplus Family is an all-share index whereas the DAXplus Family 30...

Around the world (with the U.S. and U.K. as exceptions) concentrated ownershipstructures and controlling shareholders are predominant even among listed firms. We providenovel empirical evidence how such controlling shareholders, in particular founding families,affect payout policy decisions....

Börsennotierte Familienunternehmen wirtschaften nachhaltiger und erfolgreicher als Nicht-Familienunternehmen. Dies zeigt sich an einem annähernd doppelt so hohen jährlichen Beschäftigungszuwachs und einem höheren Umsatz bei familiengeführten Unternehmen. Dabei gilt: Je höher der...