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financing of family-owned enterprises in Germany without the alternative method of Private Equity financing. Based on a survey …
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The paper analyzes internal factors which influence the use of equity - and mezzanine-based financing instruments in German privately held family firms. Based on a sample of 195 surveys of family firms, we investigate the impact of family specific goals and corporate governance structures on the...
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during this period. We consider Germany to be a superior institutional context as creditors have substantial rights in case …
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