CEMs to measure the divergence between control and ownership rights. Supporting the rent extraction hypothesis, holding … business group companies have lower dividend payouts as the divergence between control and ownership rights widens and the …In Eurasia, Turkey has a "crony" capitalist system with majority control and business groups (BGs) in the hands of a …

. Thereby, a multitude of originary family variables represent most aspects of family ownership, control, and management …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 …

control from ownership and firm performance. Results also underline that tunneling is used to promote controlling shareholders …This paper investigates the influence of a firm’s distance from control on its performance, using a unique firm level … data set on small business ownership, as well as balance sheet information. This study fills a gap in the empirical …

In this study we analyze the evolution of ownership, control, and performance in German founding-family-owned firms … analyze a variety of variables including ownership, control, industries, bank relationships and performance, as well as the … impact of intergenerational control transfers. We find that families are slow to give up ownership , and control of family …