We contrast the performance consequences of intra-family vs. external ownership transfers. Investigating a sample of …-family transfers. We attribute these performance differences to the long-term orientation of family firms passed on to the next … and theoretical mechanisms explaining performance differences, we outline implications for family business and …

investment performance we used a measure of marginal q which measures the ratio of the investment returns to cost of capital …. Institutional owners are found to have had a positive effect on performance, with a marginally diminishing effect of institutional … performance, eradicating the positive influence of institutional ownership. …

performance is analyzed. Since the data is collected as repeated cross sections and firms are not identified over time, the … decisive role in survival of firms and their employment growth as well. Moreover, survival and performance of firms are …

performance. To measure investment performance Mueller and Reardon’s (1993) marginal q is used, although derived directly from … both domestic and foreign institutional owners positively influence firm performance. Furthermore a non-linear relation … between institutional ownership concentration and performance is found. This is consistent with positive incentive effects and …