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The paper investigates the impact of corporate governance on the performance of 361 German corporations over the time … be traced back to family- or foreign-owned non-quoted firms as well as quoted firms with different large shareholders. A … for quoted firms which have financial institutions as large shareholders. Our results imply that (1) the presence of large …
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We study the implications of ownership and its induced incentives on firm survival on the stock market for young and high-tech firms. Using a unique data set of all 341 firms listed on the Neuer Markt, the German counterpart of the NASDAQ, our results differ from studies on more traditional...
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of family ownership, control and management on financial firm performance, while controlling for goal heterogeneity of … ownership nor management influences financial performance. Monitoring behavior of families is the central component and essence …
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Using a panel data set of 361 German corporations for the period 1991 to 1996 we test the hypothesis that firms with more efficient governance structures have higher profitability. To determine efficiency we compare firms with respect to ownership concentration, the identity of owners, capital...
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