Buy-outs in Family Businesses

Name: Buy-outs in Family Businesses
Brand: Gabler Verlag
Availability: OutOfStock
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Description

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 Klöckner 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.

Product details

Binding:: Paperback
Edition:: 1
Number of Pages:: 400
Release Date:: 2009-06-25
Publication Date:: 2009-06-25
Publisher:: Gabler Verlag
Languages:: Original: English
ISBN10:: 3834916277
ISBN13:: 9783834916273
GPSR Manufacturer Reference:: [email protected]
Weight:: 578 g
Height:: 14.8 cm
Width:: 21 cm
Thickness:: 2.5 cm

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