Die Internationalisierung von kleinen und mittleren Unternehmen (KMU) ist für die Unternehmenspraxis von hoher Bedeutung. Die vorliegende Arbeit beschäftigt sich damit, inwiefern Charakteristika des Chief Executive Officers (CEO) Einfluss auf die Markteintrittsformwahl von KMU nehmen. Die...

We apply insights from research in social psychology and labor economics to the domain of entrepreneurial finance and investigate how founder chief executive officers’ (founder CEOs’) facial attractiveness influences firm valuation. Leveraging the novel context of initial coin offerings...

We apply insights from research in social psychology and labor economics to the domain of entrepreneurial finance and investigate how founder chief executive officers’ (founder CEOs’) facial attractiveness influences firm valuation. Leveraging the novel context of initial coin offerings...

A large number of family firms employ non-family managers. This paper analyzes the optimal compensation contracts of non-family managers employed by family firms using principal-agent analysis. The model shows that the contracts should have low incentive levels in terms of short-term performance...

Prior economic research is very critical about family CEOs and family management. Nepotism, altruism, lower managerial abilities, and a small pool of qualified family candidates are cited as reasons that speak against family management. Still, the empirical reality is different. A surprisingly...