Showing 1 - 10 of 284
The relationship between CEO pay and performance has been much analyzed in the management and economics literature. This study analyzes the structure of executive compensation in family and non-family firms. In line with predictions of agency theory, it is found that the share of base salary is...
Persistent link: https://www.econbiz.de/10003727332
Little is known about the relationship between family firms and their employees. This paper aims to close this gap. We distinguish between family management and family ownership as two dimensions of family firms and analyze their respective influence on downsizing. Our findings show that family...
Persistent link: https://www.econbiz.de/10003693016
The self-employed are among those facing the highest probability of strong income losses during the COVID-19 pandemic. Governments in many countries introduced support programs to support the self-employed, including the German federal government, which approved a €50bn emergency aid program...
Persistent link: https://www.econbiz.de/10013250787
Start-ups often post updates during equity crowdfunding campaigns. However, little is known about the effects of such updates on crowdfunding participation. We investigate this question by using hand-collected data from 71 funding campaigns and 39,399 investment decisions on two German equity...
Persistent link: https://www.econbiz.de/10012969248
This study presents the results of a comprehensive meta-analysis on the financial performance of family firms. Drawing on a sample of 380 studies, we find that family firms show economically weak, albeit statistically significant, superior performance compared to non-family firms. Furthermore,...
Persistent link: https://www.econbiz.de/10012972364
Crowdfunding has become important in recent years. However, a comprehensive overview of the economic literature on this topic does not exist. This paper provides an overview of the crowdfunding literature, classified by the main actors (capital seekers, capital providers, and intermediaries),...
Persistent link: https://www.econbiz.de/10013029692
Prior research shows that investor communication reduces information asymmetries between companies and investors. So far, little is known about the role of investor communication in crowdfunding. This paper explores whether and how investor communication can reduce information asymmetries...
Persistent link: https://www.econbiz.de/10013033273
This paper investigates the tax and agency explanations of corporate payout policy by investigating the likelihood, the level and the method of payout in founder and family firms. Controlling founders and families are both subject to the tax disadvantage of dividends arising from their...
Persistent link: https://www.econbiz.de/10013033903
German Abstract: Crowdfunding gewinnt in der Gründungs- und Innovationsfinanzierung an Bedeutung. Ein Überblick der wissenschaftlichen Arbeiten zu Crowdfunding fehlt allerdings. Dieser Artikel gibt einen Literaturüberblick und leitet relevante Forschungsfragen für zukünftige Untersuchungen...
Persistent link: https://www.econbiz.de/10013035528
We analyze the initial intellectual property (IP) right of 4,703 start-up entrants in the US, distinguishing between trademark and patent applications. The results show that start-ups are more likely to file for a trademark instead of a patent when entering into more competitive market...
Persistent link: https://www.econbiz.de/10013035740