Klöckner Buy-outs in Family Businesses

Changes in Corporate Governance, Instruments of Managerial Control, and Financial Practices
2009
ISBN: 978-3-8349-9477-6
Verlag: Betriebswirtschaftlicher Verlag Gabler
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 377 Seiten, eBook

Reihe: Entrepreneurial and Financial Studies

Oliver Klöckner investigates the changes resulting from buy-outs in family businesses. He contrasts the characteristics of family businesses with those of non-family businesses after a buy-out. His theoretical discussion is complemented by an in-depth analysis of 17 bought-out family businesses in Germany.

Dr. Oliver Klöckner promovierte als wissenschaftlicher Mitarbeiter am KfW-Stiftungslehrstuhl für Entrepreneurial Finance bei Prof. Dr. Dr. Ann-Kristin Achleitner. Er arbeitet heute in der Strategieabteilung von Telefonica o2 Germany.

Zielgruppe

Research

Autoren/Hrsg.

Klöckner, Oliver

Inhaltsverzeichnis

1;Foreword;6
2;Acknowledgements;7
3;Table of contents;9
4;List of Figures;13
5;List of Tables;15
6;List of Abbreviations;17
7;List of Symbols;19
8;1 Introduction;20
8.1;1.1 Relevance of topic;20
8.2;1.2 Research question;24
8.3;1.3 Overview of research approach;25
8.4;1.4 Outline of structure;28
9;2 Theoretical foundation;31
9.1;2.1 Definitions and literature review;31
9.2;2.2 Relevant theories;49
10;3 Empirical foundation;68
10.1;3.1 Research approach;68
10.2;3.2 Sample description;90
11;4 Background of buy-out transactions;104
11.1;4.1 Theoretical background;105
11.2;4.2 Empirical background;127
11.3;4.3 Summary of chapter;167
12;5 Changes in corporate governance;171
12.1;5.1 Theoretical comparison of family businesses and portfolio companies;172
12.2;5.2 Expected changes based on the literature;190
12.3;5.3 Observed changes based on empirical evidence;202
12.4;5.4 Summary of chapter;247
13;6 Changes in instruments of managerial control;252
13.1;6.1 Theoretical comparison of family businesses and portfolio companies;253
13.2;6.2 Expected changes based on the literature;268
13.3;6.3 Observed changes based on empirical evidence;272
13.4;6.4 Summary of chapter;292
14;7 Changes in financial practices;295
14.1;7.1 Theoretical comparison of family businesses and portfolio companies;295
14.2;7.2 Expected changes based on the literature;311
14.3;7.3 Observed changes based on empirical evidence;315
14.4;7.4 Summary of chapter;339
15;8 Conclusion, implications and outlook;342
15.1;8.1 Conclusion;342
15.2;8.2 Implications;348
15.3;8.3 Outlook;352
16;Appendix;354
16.1;A: Overview of propositions;355
16.2;B: Cover letter;357
16.3;C: Interview guide;358
17;List of References;363

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.

Über Autor(innen)

Dr. Oliver Klöckner promovierte als wissenschaftlicher Mitarbeiter am KfW-Stiftungslehrstuhl für Entrepreneurial Finance bei Prof. Dr. Dr. Ann-Kristin Achleitner. Er arbeitet heute in der Strategieabteilung von Telefonica o2 Germany.