Buy-outs in family businesses: changes in corporate governance, instruments of managerial control, and financial practices
Gespeichert in:
1. Verfasser: | |
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Format: | Abschlussarbeit Buch |
Sprache: | English |
Veröffentlicht: |
Wiesbaden
Gabler
2009
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Ausgabe: | 1. ed. |
Schriftenreihe: | Gabler Edition Wissenschaft : Entrepreneurial and financial studies
|
Schlagworte: | |
Online-Zugang: | Inhaltsverzeichnis |
Beschreibung: | XVIII, 377 S. graph. Darst. |
ISBN: | 9783834916273 |
Internformat
MARC
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245 | 1 | 0 | |a Buy-outs in family businesses |b changes in corporate governance, instruments of managerial control, and financial practices |c Oliver Klöckner |
250 | |a 1. ed. | ||
264 | 1 | |a Wiesbaden |b Gabler |c 2009 | |
300 | |a XVIII, 377 S. |b graph. Darst. | ||
336 | |b txt |2 rdacontent | ||
337 | |b n |2 rdamedia | ||
338 | |b nc |2 rdacarrier | ||
490 | 0 | |a Gabler Edition Wissenschaft : Entrepreneurial and financial studies | |
502 | |a Zugl.: München, Techn. Univ., Diss., 2009 | ||
650 | 7 | |a Corporate Governance |2 stw | |
650 | 7 | |a Deutschland |2 stw | |
650 | 7 | |a Empirische Methode |2 stw | |
650 | 4 | |a Familienbetrieb - Unternehmenskauf - Reorganisation - Change Management | |
650 | 7 | |a Familienunternehmen |2 stw | |
650 | 7 | |a Reorganisation |2 stw | |
650 | 7 | |a Unternehmensfinanzierung |2 stw | |
650 | 7 | |a Übernahme |2 stw | |
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Datensatz im Suchindex
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adam_text | 3.2.5. OVERVIEW OF INTERVIEWED COMPANIES 82 TABLE OF CONTENTS LIST OF
FIGURES XIII LIST OF TABLES XV LIST OF ABBREVIATIONS XVII LIST OF
SYMBOLS XIX 1
INTRODUCTION».........»....».*.***»*»»»*»*-»--»...*..*»***»»*»*»*»»*****»****»***
1 1.1 RELEVANCE OF TOPIC 1 1.2 RESEARCH QUESTION 5 1.3 OVERVIEW OF
RESEARCH APPROACH 6 1.4 OUTLINE OF STRUCTURE 9 2 THEORETICAL FOUNDATION
».»».........»...».»».»...........»...»......».. 13 2.1
DEFINITIONS AND LITERATURE REVIEW 13 2.1.1. FAMILY BUSINESSES 13 2.1.2.
PRIVATE EQUITY, BUYOUTS AND PORTFOLIO COMPANIES 21 2.1.3. REVIEW OF THE
LITERATURE ON BUY-OUTS IN FAMILY BUSINESSES 28 2.2 RELEVANT THEORIES 31
2.2.1. AGENCY THEORY 31 2.2.2. STEWARDSHIP THEORY 40 3 EMPIRICFTL
FOUNDATION»».»..».».*»..»»»»».».»».».»»»»..»...* 51 3.1
RESEARCH APPROACH 51 3.1.1. ELABORATION OF THE RESEARCH QUESTION 51
3.1.2. RESEARCH METHOD 54 3.1.3. CONTROL GROUP 60 3.1.4. DATA GATHERING
63 3.1.5. ANALYSIS AND PRESENTATION 67 3.1.6. LIMITATIONS 71 3.2 SAMPLE
DESCRIPTION 73 3.2.1. COMPANY AND BUY-OUT CHARACTERISTICS 73 3.2.2.
DIFFERENTIATION OF SAMPLE AND CONTROL GROUP 76 3.2.3. FAMILY INFLUENCE
BEFORE THE BUY-OUT 77 3.2.4. FAMILY INFLUENCE AFTER THE BUY-OUT 80
BIBLIOGRAFISCHE INFORMATIONEN HTTP://D-NB.INFO/99270572X DIGITALISIERT
DURCH X TABLE OF CONTENTS 4 BACKGROUND OF BUY-OUT TRANSACTIONS......
»....*.*....*»******.*.**.**....*..* 87 4.1 THEORETICAL BACKGROUND 88
4.1.1. DECISION TO SELL 88 4.1.1.1. REASONS FOR SELLING THE COMPANY 88
4.1.1.2. EVALUATION OF POSSIBLE BUYERS 95 4.1.1.3. PREPARING THE COMPANY
FOR THE SALE 97 4.1.2. SALE TRANSACTION 99 4.1.2.1. INVESTMENT CRITERIA
OF THE PRIVATE EQUITY COMPANY 99 4.1.2.2. FAMILY OWNERS GOALS IN SALE
NEGOTIATIONS 100 4.1.2.3. SALE PROCESS 102 4.1.2.4. COMMUNICATION OF THE
BUY-OUT AND REACTION FROM STAKEHOLDERS... 106 4.1.2.5. FAMILY OWNERS
EMOTIONAL SEPARATION AND ROLE POST BUY-OUT 107 4.2 EMPIRICAL BACKGROUND
110 4.2.1. DECISION TO SELL 110 4.2.1.1. REASONS FOR SELLING THE COMPANY
110 4.2.1.2. EVALUATION OF POSSIBLE BUYERS 117 4.2.1.3. PREPARING THE
COMPANY FOR THE SALE 123 4.2.2. SALE TRANSACTION 125 4.2.2.1. INVESTMENT
CRITERIA OF THE PRIVATE EQUITY COMPANY AND BUYERS OF THE CONTROL GROUP
125 4.2.2.2. FAMILY OWNERS GOALS IN SALE NEGOTIATIONS 130 4.2.2.3. SALE
PROCESS 131 4.2.2.4. COMMUNICATION OF THE BUY-OUT AND REACTION FROM
STAKEHOLDERS... 138 4.2.2.5. FAMILY OWNERS EMOTIONAL SEPARATION AND
ROLE POST BUY-OUT 146 4.3 SUMMARY OF CHAPTER 150 5 CHANGES IN CORPORATE
GOVERNANCE
................................................................... 1S5
5.1 THEORETICAL COMPARISON OF FAMILY BUSINESSES AND PORTFOLIO COMPANIES
156 5.1.1 TABLE OF CONTENTS XI 5.2.5. MOTIVATION AND COMPENSATION OF
MANAGEMENT 183 5.2.6. DECISION MAKING PROCESS OF MANAGEMENT 185 5.3
OBSERVED CHANGES BASED ON EMPIRICAL EVIDENCE 186 5.3.1. OWNER INFLUENCE
ON MANAGEMENT DECISIONS 186 5.3.2. OWNER INFLUENCE ON CORPORATE STRATEGY
190 5.3.3. SUPERVISION BY AND SUPPORT FROM THE SUPERVISORY BOARD 197
5.3.4. COMPOSITION OF THE MANAGEMENT TEAM 206 5.3.5. MOTIVATION AND
COMPENSATION OF MANAGEMENT 219 5.3.6. DECISION MAKING PROCESS OF
MANAGEMENT 225 5.4 SUMMARY OF CHAPTER 231 6 CHANGES IN INSTRUMENTS OF
MANAGERIAL CONTROL 237 6.1 THEORETICAL COMPARISON OF FAMILY BUSINESSES
AND PORTFOLIO COMPANIES 238 6.1.1. INSTRUMENTS OF MANAGERIAL CONTROL IN
FAMILY BUSINESSES 238 6.1.2. INSTRUMENTS OF MANAGERIAL CONTROL IN
PORTFOLIO COMPANIES 247 6.2 EXPECTED CHANGES BASED ON THE LITERATURE 253
6.2.1. PLANNING 253 6.2.2. MANAGEMENT ACCOUNTING 254 6.2.3. PERFORMANCE
MEASUREMENT 256 6.3 OBSERVED CHANGES BASED ON EMPIRICAL EVIDENCE 257
6.3.1. PLANNING 257 6.3.2. MANAGEMENT ACCOUNTING 263 6.3.3. PERFORMANCE
MEASUREMENT 273 6.4 SUMMARY OF CHAPTER 277 7 CHANGES IN FINANCIAL
PRACTICES .*. 281 7.1 THEORETICAL COMPARISON OF FAMILY BUSINESSES AND
PORTFOLIO COMPANIES 281 7.1.1. FINANCIAL PRACTICES IN FAMILY BUSINESSES
281 7.1.2. FINANCIAL PRACTICES OF PORTFOLIO COMPANIES 289 7.2 EXPECTED
CHANGES BASED ON THE LITERATURE 297 7.2.1 XII TABLE OF CONTENTS 7.3.2.
REPORTING TO BANKS 314 7.3.3. INVESTMENT ACTIVITY 317 7.4 SUMMARY OF
CHAPTER 325 8 CONCLUSION, IMPLICATIONS AND OUTLOOK 329 8.1 CONCLUSION
329 8.2 IMPLICATIONS 335 8.2.1. IMPLICATIONS FOR RESEARCHERS 335 8.2.2.
IMPLICATIONS FOR PRACTITIONERS 337 8.3 OUTLOOK 339 APPENDIX 341 A:
OVERVIEW OF PROPOSITIONS 342 B: COVER LETTER 344 C: INTERVIEW GUIDE 345
LIST OF REFERENCES 351
|
any_adam_object | 1 |
author | Klöckner, Oliver 1979- |
author_GND | (DE-588)139229612 |
author_facet | Klöckner, Oliver 1979- |
author_role | aut |
author_sort | Klöckner, Oliver 1979- |
author_variant | o k ok |
building | Verbundindex |
bvnumber | BV035707054 |
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ctrlnum | (OCoLC)436291955 (DE-599)BVBBV035707054 |
dewey-full | 658.162 |
dewey-hundreds | 600 - Technology (Applied sciences) |
dewey-ones | 658 - General management |
dewey-raw | 658.162 |
dewey-search | 658.162 |
dewey-sort | 3658.162 |
dewey-tens | 650 - Management and auxiliary services |
discipline | Wirtschaftswissenschaften |
edition | 1. ed. |
format | Thesis Book |
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isbn | 9783834916273 |
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spelling | Klöckner, Oliver 1979- Verfasser (DE-588)139229612 aut Buy-outs in family businesses changes in corporate governance, instruments of managerial control, and financial practices Oliver Klöckner 1. ed. Wiesbaden Gabler 2009 XVIII, 377 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Gabler Edition Wissenschaft : Entrepreneurial and financial studies Zugl.: München, Techn. Univ., Diss., 2009 Corporate Governance stw Deutschland stw Empirische Methode stw Familienbetrieb - Unternehmenskauf - Reorganisation - Change Management Familienunternehmen stw Reorganisation stw Unternehmensfinanzierung stw Übernahme stw Change Management (DE-588)7606306-9 gnd rswk-swf Familienbetrieb (DE-588)4503339-0 gnd rswk-swf Unternehmenskauf (DE-588)4078600-6 gnd rswk-swf Reorganisation (DE-588)4115744-8 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Familienbetrieb (DE-588)4503339-0 s Unternehmenskauf (DE-588)4078600-6 s Reorganisation (DE-588)4115744-8 s Change Management (DE-588)7606306-9 s DE-604 DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017760886&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
spellingShingle | Klöckner, Oliver 1979- Buy-outs in family businesses changes in corporate governance, instruments of managerial control, and financial practices Corporate Governance stw Deutschland stw Empirische Methode stw Familienbetrieb - Unternehmenskauf - Reorganisation - Change Management Familienunternehmen stw Reorganisation stw Unternehmensfinanzierung stw Übernahme stw Change Management (DE-588)7606306-9 gnd Familienbetrieb (DE-588)4503339-0 gnd Unternehmenskauf (DE-588)4078600-6 gnd Reorganisation (DE-588)4115744-8 gnd |
subject_GND | (DE-588)7606306-9 (DE-588)4503339-0 (DE-588)4078600-6 (DE-588)4115744-8 (DE-588)4113937-9 |
title | Buy-outs in family businesses changes in corporate governance, instruments of managerial control, and financial practices |
title_auth | Buy-outs in family businesses changes in corporate governance, instruments of managerial control, and financial practices |
title_exact_search | Buy-outs in family businesses changes in corporate governance, instruments of managerial control, and financial practices |
title_full | Buy-outs in family businesses changes in corporate governance, instruments of managerial control, and financial practices Oliver Klöckner |
title_fullStr | Buy-outs in family businesses changes in corporate governance, instruments of managerial control, and financial practices Oliver Klöckner |
title_full_unstemmed | Buy-outs in family businesses changes in corporate governance, instruments of managerial control, and financial practices Oliver Klöckner |
title_short | Buy-outs in family businesses |
title_sort | buy outs in family businesses changes in corporate governance instruments of managerial control and financial practices |
title_sub | changes in corporate governance, instruments of managerial control, and financial practices |
topic | Corporate Governance stw Deutschland stw Empirische Methode stw Familienbetrieb - Unternehmenskauf - Reorganisation - Change Management Familienunternehmen stw Reorganisation stw Unternehmensfinanzierung stw Übernahme stw Change Management (DE-588)7606306-9 gnd Familienbetrieb (DE-588)4503339-0 gnd Unternehmenskauf (DE-588)4078600-6 gnd Reorganisation (DE-588)4115744-8 gnd |
topic_facet | Corporate Governance Deutschland Empirische Methode Familienbetrieb - Unternehmenskauf - Reorganisation - Change Management Familienunternehmen Reorganisation Unternehmensfinanzierung Übernahme Change Management Familienbetrieb Unternehmenskauf Hochschulschrift |
url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=017760886&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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