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This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency of block trading is similar to other countries, and the vast majority of block trades leads to changes in ultimate ownership (control transfers). Such changes are more likely...
Persistent link: https://www.econbiz.de/10011445220
This study examines managerial disciplining in poorly performing firms using large panels for Belgian, French, German and UK firms. We consider the monitoring role of large blockholders, the market for share blocks, creditors, and non-executive directors. Board restructuring is correlated to...
Persistent link: https://www.econbiz.de/10011446114
Persistent link: https://www.econbiz.de/10010483632
Deutschland ist für seine Familienunternehmen bekannt, die das Eigentum am Unternehmen innerhalb der Familie halten und …
Persistent link: https://www.econbiz.de/10014455438
Verantwortungseigentum an Unternehmen ist in aller Munde. Das Konzept stellt hergebrachte Prämissen des Wirtschaftsrechts selbstbewusst in Frage und wird entsprechend kontrovers diskutiert: Unzulässiger und überflüssiger Fremdkörper oder wünschenswerte und wegweisende Innovation? Marvin...
Persistent link: https://www.econbiz.de/10014484173
This study examines changes in block ownership for a large sample of listed and non-listed German firms. The frequency of block trading is similar to other countries, and the vast majority of block trades leads to changes in ultimate ownership (control transfers). Such changes are more likely...
Persistent link: https://www.econbiz.de/10013428382
This study examines managerial disciplining in poorly performing firms using large panels for Belgian, French, German and UK firms. We consider the monitoring role of large blockholders, the market for share blocks, creditors, and non-executive directors. Board restructuring is correlated to...
Persistent link: https://www.econbiz.de/10013428410
We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of … entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship … function of individual wealth while the introduction of start-up costs tends to flatten this relationship. The theoretical …
Persistent link: https://www.econbiz.de/10003609770
We study the role of parental wealth for children's educational and occupational outcomes across three types of welfare … states and outline a theoretical model that assumes parental wealth to impact offspring's attainment through two mechanisms …, wealth’s purchasing function and its insurance function. We argue that welfare states can limit the purchasing function of …
Persistent link: https://www.econbiz.de/10009681542
We study the effects of liquidity constraints and start-up costs on the relationship between wealth and the fraction of … entrepreneurs in an economy. We develop a dynamic occupational choice model with endogenous wealth and entry into entrepreneurship … function of individual wealth while the introduction of start-up costs tends to flatten this relationship. The theoretical …
Persistent link: https://www.econbiz.de/10012773454