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Celotno besedilo
  • Buy-outs in family businesses [Elektronski vir] : changes in corporate governance, instruments of managerial control, and financial practices
    Klöckner, Oliver
    In recent years, buy-outs have become an increasingly frequent solution to succession problems in family businesses. Despite a dramatic surge in the number and total volume of these transactions, ... their consequences for the bought-out companies are yet poorly understood. Considering this background, Oliver Klckner investigates the changes resulting from buy-outs in family businesses in the areas of corporate governance, instruments of managerial control, and financial practices. A comprehensive literature review contrasts the characteristics of family businesses with those of non-family businesses after a buy-out. This theoretical discussion is complemented by an in-depth analysis of 17 bought-out family businesses in Germany. The detailed analysis reveals a multitude of changes, which can be subsumed under three main effects: First, companies are professionalized. Second, corporate processes are more directed towards economic goals, i.e. economized. Third, agency conflicts arising from the separation of ownership and management are reduced
    Vrsta gradiva - e-knjiga
    Založništvo in izdelava - Wiesbaden : Gabler Verlag / GWV Fachverlage, Wiesbaden, 2009
    Jezik - angleški
    ISBN - 978-3-8349-9477-6; 3-8349-9477-4
    COBISS.SI-ID - 1542226911

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    SpringerLink e-books 2008-2012

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