Buy-outs in Family Businesses: Changes in Corporate Governance, Instruments of Managerial Control, and Financial Practices (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.