Family Businesses in Germany: Significance and Structure
基于随机样本数据，展示了家族企业对德国经济的重要性，并分析了其在所有权、治理和管理方面的结构特征，发现所有权是区分家族与非家族企业的关键。
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.