haku: @author Ehrhardt, O. / yhteensä: 3
viite: 2 / 3
| Tekijä: | Ehrhardt, O. Nowak, E. |
| Otsikko: | The effect of IPOs on German family-owned firms: Governance changes, ownership structure, and performance |
| Lehti: | Journal of Small Business Management
2003 : APR, VOL. 41:2, p. 222-232 |
| Asiasana: | Small business Entrepreneurship Stock markets Germany Europe |
| Vapaa asiasana: | SME |
| Kieli: | eng |
| Tiivistelmä: | Although initial public offerings (IPOs) recently have attracted public and academic attention, the special case of firms founded by families or single entrepreneurs has not been investigated in depth. This paper merges two strands of research: on the one hand, the entrepreneurial literature on family-controlled businesses, and on the other hand, the vastly increasing research on corporate governance and IPOs. After reviewing some of the related literature, the paper presents empirical evidence about 1. the change in corporate governance following IPOs, and 2. its impact on the long-run stock performance of family-owned firms in Germany. The paper concludes with a summary of the major findings. |
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