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Control transfers in corporate Germany: their frequency, causes and consequences

Köke, Jens - 2000

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/10010297730

Determinants of acquisition and failure: stylized facts and lessons for empirical studies

Köke, Jens - 2001

This study provides new stylized facts on the determinants of corporate failure and acquisition in Germany. It also …

Persistent link: https://www.econbiz.de/10010297767

Dynamics in ownership and firm survival: evidence from corporate Germany

Heiss, Florian; Köke, Jens - 2001

This study investigates the determinants of changes in corporate ownership and firm failure, taking into account different types of sellers and buyers of control blocks. For a large panel of German corporations we find that firms are more likely to fail or to be sold when performance is poor,...

Persistent link: https://www.econbiz.de/10010297800

The German entrepreneurial index (GEX®): a primer on an ownership-based style index in Germany

Achleitner, Ann-Kristin; Kaserer, Christoph; … - 2009

Recent research indicates that the majority of listed firms in Germany (and also in many other countries around the … world) have a dominant owner rather than being widely-held. Hence, owner-dominated firms comprise an important subset of … listed companies. This article introduces the concept of an ownership-based style index of listed firms in Germany, the …

Persistent link: https://www.econbiz.de/10010305735

Einfluss der Eigentümerstruktur auf Finanzierungs- und Investitionsentscheidungen in privaten und börsennotierten Unternehmen

Volk, Sarah Katrin - 2013

Persistent link: https://www.econbiz.de/10009767555

Private benefits and minority shareholder expropriation : empirical evidence from IPOs of German family-owned firms

Ehrhardt, Olaf; Nowak, Eric - 2001

Persistent link: https://www.econbiz.de/10001660153

The Effect of Ipos on German Family-Owned Firms : Governance Changes, Ownership Structure, and Performance

Ehrhardt, Olaf - 2009

impact on the long-term stock performance of family-owned firms in Germany. The data analyzed include 105 IPOs of founding …

Persistent link: https://www.econbiz.de/10013153711

Transforming the Management and Governance of Private Family Firms Prior to Initial Public Offerings : The Role of Venture Capital

Chemmanur, Thomas J. - 2020

We analyze the role of venture capitalists (VCs) in transforming the management and governance of China's private family firms pre-IPO. We show, causally, that VC-backed family firms are more likely than non-VC backed family firms to experience departures of family members from top management...

Persistent link: https://www.econbiz.de/10012856056

Corporate governance provisions, family involvement, and firm performance in publicly traded family firms

Memili, Esra; Misra, Kaustav - In: International Journal of Financial Studies : open … 3 (2015) 3, pp. 194-229

This study examines the moderation effects of corporate governance provisions on the link between family involvement (i.e., family ownership and family management) in publicly-traded firms and firm performance by drawing upon agency theory, with a focus on principal-principal agency issues, and...

Persistent link: https://www.econbiz.de/10011312228

All in the family or public? : law and appropriative costs as determinants of ownership structure

Castillo C., Ramón; Skaperdas, Stergios - 2003

We examine how the legal protection of outside shareholders and the appropriative costs that they induce influence the incentives for private firms to go public. A higher degree of protection of shareholders can increase the appropriative costs associated with the conflict between managers and...

Persistent link: https://www.econbiz.de/10011507775