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02689nam a22004215i 4500 |
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978-3-8349-9477-6 |
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DE-He213 |
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20151204163602.0 |
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cr nn 008mamaa |
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100301s2009 gw | s |||| 0|eng d |
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|a 9783834994776
|9 978-3-8349-9477-6
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|a 10.1007/978-3-8349-9477-6
|2 doi
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|a 336
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|a Klöckner, Oliver.
|e author.
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|a Buy-outs in Family Businesses
|h [electronic resource] :
|b Changes in Corporate Governance, Instruments of Managerial Control, and Financial Practices /
|c by Oliver Klöckner.
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| 264 |
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|a Wiesbaden :
|b Gabler,
|c 2009.
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| 300 |
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|a XIX, 377 p. 50 illus.
|b online resource.
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|a text
|b txt
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|a computer
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|a online resource
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|a text file
|b PDF
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|a Theoretical foundation -- Empirical foundation -- Background of buy-out transactions -- Changes in corporate governance -- Changes in instruments of managerial control -- Changes in financial practices -- Conclusion, implications and outlook.
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|a 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.
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|a Finance.
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|a Public finance.
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|a Economics.
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| 650 |
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|a Public Economics.
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| 650 |
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|a Finance, general.
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| 710 |
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|a SpringerLink (Online service)
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|t Springer eBooks
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|i Printed edition:
|z 9783834916273
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|u http://dx.doi.org/10.1007/978-3-8349-9477-6
|z Full Text via HEAL-Link
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|a ZDB-2-SBE
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|a Business and Economics (Springer-11643)
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