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Who should control the firm? What should be the firm's objective function? If contracts are incomplete, then the group of input providers that most needs their interests protected should be allocated control rights to the firm. Existing theories argue that the suppliers of capital are most in...
Persistent link: https://www.econbiz.de/10012763280
Who should control the firm? What should be the firm's objective function? If contracts are incomplete, then the group of input providers that most needs their interests protected should be allocated control rights to the firm. Existing theories argue that the suppliers of capital are most in...
Persistent link: https://www.econbiz.de/10012470791
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family firms play in this. This theme is particular relevant from a European point of view given the large number of firms … that are family-owned. Governments often support environmentally and socially beneficial innovation with various policy … parallel, firms use corporate social responsibility (CSR) and environmental management systems partly in the hope that this …
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Empirical evidence is offered about the change in ownership structure following Initial Public Offerings (IPOs) and its … impact on the long-term stock performance of family-owned firms in Germany. The data analyzed include 105 IPOs of founding … family-owned firms floated between January 1970 and December 1990. The family firms in the sample are at a very late stage in …
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previous evidence by Jaskiewicz (2006) and Andres (2008) that family ownership and management has a positive impact on a firm …Family firms are an important phenomenon of the German capital market. We analyse the broadest market segment of the … German Stock Exchange, the CDAX, for the years 1998 to 2008. According to a founding-family definition almost half of all …
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