This paper investigates the long-run performance of initial public offerings of 208 family firms floated in Germany between 1977 and 1998.
During recent decades an increasing number of companies chose an initial public offering (IPO) to raise new equity capital. As 395 German companies.
This paper investigates the long-run performance of initial public offerings of 208 family firms floated in Germany between 1977 and 1998.
This paper investigates the long-run performance of initial public offerings of 208 family firms floated in Germany between 1977 and 1998.
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We investigate how the global financial crisis encouraged family and non-family firms in Germany to transfer from the highest to a lower stock market segment.
Abstract. Research on family firm performance has led to inconclusive results which is why scholars called for a differentiated consider-.
This study applies financial crises as an exogenous shock to family and non-family firms to identify differences in stock market performance.
In terms of turnover, the top 500 family businesses also grew faster than the 26 DAX companies, achieving average turnover growth of 3.77 per cent. In contrast, ...
Oct 5, 2021 · This study applies financial crises as an exogenous shock to family and non-family firms to identify differences in stock market performance.
non-family firms: Hypothesis 1: Stock market listed German family firms have a lower leverage than stock market listed German non-family firms. Family firms ...
