Corporate governance is a recent concept that encompasses the costs caused by managerial misbehavior. Corporate governance is concerned with how organizations in general, and corporations in particular, produce value and how that value is distributed among the members of the corporation, its...

We conduct an event study to assess the stock market evaluation of public takeover announcements. Unlike the majority of previous research, we specifically focus on acquisitions targeted at newly public IPO-firms and show that the stock market positively evaluates these M&As as R&D. However,...

The benefits of family ownership and control of firms are at the center of the family firm debate. Previous studies have used either family ownership or management as proxies for control. Both indicators are off the mark, as they do not measure decision control as intended by the theory of the...

Dieser Dieser Beitrag stellt zur Diskussion, welchen Beitrag die Compliance im Rahmen der Corporate Governance-Forschung einnehmen kann, wie sich diese Einordnung aus einer öko-nomischen Sichtweise heraus begründen lässt und welche Auswirkungen zu erwarten sind. Mag auf den ersten Blick der...

Although acquisitions of high tech entrepreneurial firms are of great popularity, the limited empirical evidence shows that these acquisitions often lead to dismal results in that a large number of acquired inventors leave the company after the acquisition and those that remain exhibit poor...

Familienunternehmen gelten in der öffentlichen Wahrnehmung als besonders innovativ und als Hidden Champions der deutschen Wirtschaft. In jüngster Zeit widmen sich Forscher vermehrt der Überprüfung dieser These und kommen zu diametral unterschiedlichen Ergebnissen. Einerseits wird...

The rate and magnitude of university-to-industry-technology-transfer (UITT) is a function not only of university characteristics but also of regional factors. A university's embeddedness in an innovative regional milieu moderates UITT. This necessary balance of the supply side (technology push)...

This study examines the impact of both university characteristics and regional endowment factors on the efficiency of universities at providing teaching and research. Evidence from 94 universities located in different areas of the UK provides compelling evidence that factors beyond the control...

This study examines the impact of regional competitiveness on the innovative activity of entrepreneurial firms. Based on a unique and hand collected data set of publicly listed high technology start-ups and university regions, this paper tests how regional competitiveness and university...

Dem Phänomen Corporate Governance nähern sich Juristen und Ökonomen bisher weitgehend aus einem diametralen Blickwinkel heraus. Betrachten wir die zwei Enden des Intervalls von Austauschprozessen, so erfolgt(e) der Blickwinkel der Ökonomen weitgehend aus Richtung des Marktes, während...