scholarly journals Compliance violation in German family businesses: Frequency, detection, counter measure relevance

2021 ◽  
Author(s):  
Nicole Bartosch
Keyword(s):  
Family Businesses ◽  
German Family ◽  
Frequency Detection

scholarly journals Corporate Governance Of Family Firms In Subsequent Generations

2013 ◽  
Vol 12 (3) ◽  
pp. 345
Author(s):  
Christine Duller
Keyword(s):  
Corporate Governance ◽  
Family Firms ◽  
Family Members ◽  
Supervisory Board ◽  
Family Businesses ◽  
German Family ◽  
Supervisory Boards

This paper addresses the differences in corporate governance regarding generations of Austrian and German family businesses. Generations differ from each other significantly with respect to the percentage of non-family executives in management boards. The existence of a supervisory board differs between founder and subsequent generations, but it turns out that with transfer of ownership to subsequent generations, there is no noticeable trend concerning the percentage of non-family members in supervisory boards. Thus, this study demonstrates the importance of a comprehensive and profound analysis of generation-specific characteristics.

Path Dependency and Governance in German Family Firms

2011 ◽  
Vol 85 (4) ◽  
pp. 699-724 ◽  
Author(s):  
Christina Lubinski
Keyword(s):  
Nineteenth Century ◽  
Family Firms ◽  
Path Dependency ◽  
Family Businesses ◽  
Corporate Law ◽  
Economic Success ◽  
Inheritance Law ◽  
German Family ◽  
Challenges And Opportunities ◽  
Alternative Finance

Dynastic family businesses pursue a double aim. They strive for economic success and attempt to shield the family's longterm influence against outsiders. As a consequence, their choice of governance reflects an idiosyncratic balance between remaining independent and tapping into the opportunities of the market. Autonomy-oriented “closed” governance can lead to problems in integrating external capital and knowledge. More market-oriented “open” governance can make a firm more vulnerable to outside influence. German family firms have struck a balance between the two models since the mid-nineteenth century. Their choice of governance is a response to the challenges and opportunities of the environment, and at various times they are influenced by corporate law, alternative finance options, and inheritance law.

Family Businesses in Germany: Significance and Structure

2000 ◽  
Vol 13 (3) ◽  
pp. 157-181 ◽  
Author(s):  
Sabine B. Klein
Keyword(s):  
Family Business ◽  
Empirical Data ◽  
German Economy ◽  
Supervisory Board ◽  
Family Businesses ◽  
Clear Definition ◽  
Or Management ◽  
Management Board ◽  
German Family ◽  
Definition Of

This paper shows the relevance of family businesses to the German economy and their structure with respect to ownership, governance, and management. The data show that ownership, rather than governance or management, is the key to differentiating family from nonfamily businesses. As governance and management are more complementary to each other, families in German family businesses seek influence either through family members on the supervisory board or on the management board. The empirical data from this study is based on a clear definition of family business and a random sample, and it provides the basis for further investigation into German family businesses.

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