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This chapter documents the evolution of ownership and control of firms around the world over a hundred year period from … world. In particular, it documents the growth in dispersion in ownership that took place in many countries from the early …
Persistent link: https://www.econbiz.de/10012958435
This chapter documents the evolution of ownership and control of firms around the world over a hundred year period from … world. In particular, it documents the growth in dispersion in ownership that took place in many countries from the early …
Persistent link: https://www.econbiz.de/10014023371
Persistent link: https://www.econbiz.de/10011741203
during this period. We consider Germany to be a superior institutional context as creditors have substantial rights in case …
Persistent link: https://www.econbiz.de/10003919605
In January 2010 the Deutsche Börse Group introduced two family firm stock indices. Both indices are calculated as price and performance indices and extend the number of investment strategy indices of Deutsche Börse Group. The DAXplus Family is an all-share index whereas the DAXplus Family 30...
Persistent link: https://www.econbiz.de/10008659201
CDAX-listed non-financial firms in Germany can be classified as family firms. They also represent about one third of all …
Persistent link: https://www.econbiz.de/10013155464
This paper investigates the impact of family control and institutional investors on CEO pay packages in Continental Europe, using a large data set of 915 listed firms with 4,045 firm-year observations from 14 countries over the period 2001-2008. We find that family control curbs the level of CEO...
Persistent link: https://www.econbiz.de/10013132662
This paper investigates the impact of family control and institutional investors on CEO pay packages in Continental Europe, using a dataset of 754 listed firms with 3,731 firm-year observations from 14 countries during 2001-2008. We find that family control curbs the level of CEO total and cash...
Persistent link: https://www.econbiz.de/10013116246
This paper studies the impact of the concentration of control, the type of controlling shareholder and the dividend tax preference of the controlling shareholder on dividend policy for a panel of 220 German firms over 1984-2005. While the concentration of control does not have an effect on the...
Persistent link: https://www.econbiz.de/10009616339
creditors play an active role in disciplining. Block purchases have a monitoring role in Belgium and Germany, but not in France …
Persistent link: https://www.econbiz.de/10011446114