(basically family members of senior managers and directors) profit substantially from exploiting inside information. In contrast …, members of the executive board (senior managers) can be largely exculpated from exploiting inside information as they realize …

managers of these firms are less responsive to the informational requirements of the capital market. We further find that …

purchases by top executives and for small market capitalization firms, which is consistent with the hypothesis that legal … Netherlands. We show that the new regulation reduced the information content of sales by top executives. …

We examine the relationship between the employment and compensation of managers and CEOs and the presence of a … monitoring, which requires more managers. The model also assumes rent sharing between workers, managers and the owners of the … firm. Unions, by redistributing rents towards the workers, lead to lower employment and lower pay for managers. Using a …

Objectives: We examine decision factors of family firm owners for hiring a non-family Chief Financial Officer (CFO). We … explore the perceptions of family firm owners towards external managers by analyzing how their family-specific and company …-specific goals relate to the employment of a non-family CFO. Furthermore, we analyze the consequences of hiring a non-family CFO on …