. Inside ownership reflects the classic tradeoff between incentives and risk diversification, and the severity of agency costs …, inside ownership, and the marginal cost of capital. We discuss implications for the determinants of firm size, the … relationship between Tobin's Q and ownership, and the effect of financial liberalizations. …

Ownership is fundamental to firm strategy, organization, and governance. Standard ownership concepts—mainly derived … neglect ownership's role as an instrument to match judgment about resource use and governance with the firm's evolving … environment under uncertainty. We develop the concept of ownership competence—the skill with which ownership is used as an …

Die Arbeit untersucht die Performance von Familienunternehmen im Rahmen einer empirischen Studie anhand von 892 Datens … Performance-Analyse unter Ber?cksichtigung spezifischer Corporate Governance-Strukturen und Familiencharakteristika. So werden die …This study offers empirical results concerning performance differences between family and non-family businesses in …