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Burkart, Mike - 2002

the family. This theory of separation of ownership from management includes the Anglo-Saxon and the Continental European …

Persistent link: https://www.econbiz.de/10012469939

Inside the Family Firm : The Role of Families in Succession Decisions and Performance

Bennedsen, Morten - 2006

This paper uses a unique dataset from Denmark to investigate the impact of family characteristics in corporate decision making and the consequences of these decisions on firm performance. We focus on the decision to appoint either a family or external chief executive officer (CEO). The paper...

Persistent link: https://www.econbiz.de/10012466309

Inter Vivos Transfers of Ownership in Family Firms

Hines, James R, Jr - 2016

This paper examines the determinants of inter vivos (lifetime) transfers of ownership in German family firms between 2000 and 2013. Survey evidence indicates that owners of larger firms, and firms with strong current business conditions, transfer ownership at higher rates than others. When a...

Persistent link: https://www.econbiz.de/10012456374

Occupational Classifications : A Machine Learning Approach

Ikudo, Akina - 2018

, classification has been done manually. If it were possible to combine new computational tools and administrative wage records to …

Persistent link: https://www.econbiz.de/10012480604

Classification Trees for Heterogeneous Moment-Based Models

Asher, Sam - 2016

. We address this problem by proposing a method using moment trees; leveraging the basic intuition of a classification tree …

Persistent link: https://www.econbiz.de/10012455704

A Theory of Pyramidal Ownership and Family Business Groups

Almeida, Heitor - 2005

We provide a rationale for pyramidal ownership (the control of a firm through a chain of ownership relations) that departs from the traditional argument that pyramids arise to separate cash flow from voting rights. With a pyramidal structure, a family uses a firm it already controls to set up a...

Persistent link: https://www.econbiz.de/10012467315

Dynastic Management

Caselli, Francesco - 2003

Dynastic management is the inter-generational transmission of control over assets that is typical of family-owned firms. It is pervasive around the World, but especially in developing countries. We argue that dynastic management is a potential source of inefficiency: if the heir to the family...

Persistent link: https://www.econbiz.de/10012469259

Personal Bankruptcy and the Level of Entrepreneurial Activity

Fan, Wei - 2002

The U.S. personal bankruptcy system functions as a bankruptcy system for small businesses as well as consumers, because debts of non-corporate firms are personal liabilities of the firms' owners. If the firm fails, the owner has an incentive to file for bankruptcy, since both business debts and...

Persistent link: https://www.econbiz.de/10012469366

Estate Taxes, Life Insurance, and Small Business

Holtz-Eakin, Douglas - 1999

One criticism of the estate tax is that it prevents the owners of family businesses from passing their enterprises to their children. The problem is that it may be difficult to pay estate taxes without liquidating the business. A natural question is why individuals with such concerns do not...

Persistent link: https://www.econbiz.de/10012471424

Defining Clusters of Related Industries

Delgado, Mercedes - 2014

, including job creation, patenting, and new business formation. There is an increasing need for cluster-based data to support … strategies. This paper develops a novel clustering algorithm that systematically generates and assesses sets of cluster … NAICS), and propose a new set of benchmark cluster definitions that incorporates measures of inter-industry linkages based …

Persistent link: https://www.econbiz.de/10012458291