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Are CEOs in family firms paid like bureaucrats? Evidence from Bayesian and frequentist analyses
Block, Jörn Hendrich - 2008
The relationship between CEO pay and performance has been much analyzed in the management and economics literature …
Persistent link: https://www.econbiz.de/10010263730
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Goal structures in family firms: empirical evidence on the relationship between firm and family goals
Achleitner, Ann-Kristin; Braun, Reiner; Schraml, Stephanie - 2009
Goal structures in family firms seems of particular interest to the field as the overall orientation and the objectives of family firms are determined in an area of potential conflict between the two subsystems of firm and family. We asked shareholders of German family firms to rate the...
Persistent link: https://www.econbiz.de/10010305727
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Family business and regional development
Basco, Rodrigo (contributor); Stough, Roger (contributor);  … - 2021
, how do different spatial regional contexts shape family firm operations and performance? Family Business and Regional …
Persistent link: https://www.econbiz.de/10014323772
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Innovationsverhalten in Familienunternehmen
Hülsbeck, Marcel; Lehmann, Erik E.; Weiß, Dominik; … - 2011
Familienunternehmen gelten in der öffentlichen Wahrnehmung als besonders innovativ und als Hidden Champions der … unterschiedlichen Ergebnissen. Einerseits wird Familienunternehmen ein besonderer Unternehmergeist bescheinigt, der sie besonders …
Persistent link: https://www.econbiz.de/10010308799
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On the determinants of pay of CEOs in UK public sector higher education institutions
Bachan, Ray - 2008
fixed effects. There is only limited evidence that they are rewarded for the 'performance' of the institutions they manage … explanation for the determination of CEO pay in this labour market. …
Persistent link: https://www.econbiz.de/10010269009
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Capital structure decisions in family firms: empirical evidence from a bank-based economy
Ampenberger, Markus; Schmid, Thomas; Achleitner, Ann-Kristin - 2009
that the presence of a founder CEO in firm management has a significant negative effect on the leverage ratio. Our results …
Persistent link: https://www.econbiz.de/10010305690
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Controlling shareholders and payout policy: do founding families have a special 'taste for dividends'?
Schmid, Thomas; Ampenberger, Markus; Kaserer, Christoph; … - 2010
Around the world (with the U.S. and U.K. as exceptions) concentrated ownership structures and controlling shareholders are predominant even among listed firms. We provide novel empirical evidence how such controlling shareholders, in particular founding families, affect payout policy decisions....
Persistent link: https://www.econbiz.de/10010305703
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Loss of control vs. risk reduction: decision factors for hiring non-family CFOs in family firms
Lutz, Eva; Schraml, Stephanie; Achleitner, Ann-Kristin - 2010
explore the perceptions of family firm owners towards external managers by analyzing how their family-specific and company … providers. Prior work: Prior research has acknowledged that the attitude to external managers is a major concern for family …-family CFOs positively influence the operational performance of privately-held family firms. Little knowledge exists to date to …
Persistent link: https://www.econbiz.de/10010305711
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Family firms
Burkart, Mike; Panunzi, Fausto; Schleifer, Andrei - 2002
We present a model of succession in a firm owned and managed by its founder. The founder decides between hiring a professional manager or leaving management to his heir, as well as on how much, if any, of the shares to float on the stock exchange. We assume that a professional is a better...
Persistent link: https://www.econbiz.de/10011335741
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The factors of growth of small family businesses: A robust estimation of the behavioral consistency in the panel data models
Benáček, Vladimír; Michalíková, Eva - 2011
The paper quantifies the role of factors associated with the growth (or decline) of micro and small businesses in European economies. The growth is related to employment and value added in enterprises as well as to ten institutional variables. We test the data for consistency of behavioural...
Persistent link: https://www.econbiz.de/10010322319