Current theoretical and empirical research suggests that small banks have a comparative advantage in processing soft information and delivering relationship lending. The most comprehensive analysis of this view found using U.S. data that smaller SMEs borrow from smaller banks and smaller banks...

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...

We present a model of succession in a firm controlled and managed by its founder. The founder decides between hiring a professional manager or leaving management to his heir, as well as on how much, if any, of the shares to float on the stock exchange. We assume that a professional is a better...

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...

Anhand einer Vielzahl von Praxisbeispielen macht Klaus North in diesem Lehrbuch deutlich, wie Wissensmanagement in Organisationen erfolgreich gestaltet werden kann. Wissensorientierte Unternehmensführung stellt sicher, dass das für die Erreichung der strategischen und operativen Ziele...

Kompakte Einführung unter Berücksichtigung informaler Prozesse - mit Lösungen für Fragestellungen aus der Praxis Das Lehrbuch bietet eine kurz gefasste Einführung in die Grundfragen des Themenfeldes der Organisation. Es behandelt dabei neben der formalen Seite des Organisierens auch die in...