Titlebook: Outside Director Compensation in German Public Family Firms; An Empirical Analysi Pascal Engel Book 2015 Springer Fachmedien Wiesbaden 2015

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Theoretical Foundation, this specific group of firms. Relevant characteristics with regard to outside directors are described in section 2.2. Finally, I introduce theories that help explain the idiosyncratic behavior of family firms (section 2.3).

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,Setting the Right Mix – Analyzing Outside Directors’ Pay Mix in Public Family Firms,PR pay. However, among PR pay adopters, we find family firms devote greater shares to this pay component, thus sacrificing part of their socioemotional wealth in order to meet stakeholders‘ demand. A differentiation between different types of family firms reveals that especially true family firms account for this particular behavior.

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Introduction,ast Asian region (68%) (Faccio & Lang, 2002; Claessens, Djankov, & Lang, 2000). In Central and Latin America, family firms represent about two thirds of national firms while a share of 75% has been estimated for Australia (IFERA, 2003).

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Voluntary Disclosure of Individual Outside Director Compensation in Public Family Firms,at control enhancing aspects, such as a family CEO and a high ownership concentration are required for owning family‘s to exert influence and that the preferred outcome of a disclosure decision varies strongly contingent upon the type of family firm.

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Dataset and Method,he full sample (section 3.2) that is used for all three empirical investigations presented in chapters 4 to 6. Section 3.3 contains a short description of the family firm subsample that is used in chapter 5. This chapter closes with a description of the statistical methods applied in this dissertation (section 3.4).

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Concluding Discussion,This chapter concludes the present dissertation by offering a discussion that summarizes all findings from the empirical investigations (section 7.1) and highlights these findings in the light of theoretical and practical implications (sections 7.2). Finally, limitations are discussed along with future research opportunities (section 7.3).

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Pascal EngelStudy in the field of economic sciences.Includes supplementary material:

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Familienunternehmen und KMUhttp://image.papertrans.cn/o/image/705158.jpg

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