diversifies, when it buys a rapidly growing target, and when its managers performed poorly before the acquisition. These results …

, when it buys a rapidly growing target , and when the performance of its managers has been poor before the acquisition …

professional manager or leaving management to his heir, as well as on how much, if any, of the shares to float on the stock … intermediate protection, management is delegated to a professional, but the family stays on as large shareholders to monitor the … the family. This theory of separation of ownership from management includes the Anglo-Saxon and the Continental European …