In June 2016, Meyer Werft released a press statement announcing that the Meyer family had transferred its ownership shares in the shipyard business into two family foundations; for the purposes of securing stable family ownership
of the business into the future.
California newspaper sale ends 122 years of family ownership
(4) We used the percentage of shares owned by the controlling family or largest individual shareholder to proxy for family ownership
. Table 2 reports summary statistics of this family ownership
indicator for the period 2003 to 2014.
Butler acquired the newspaper, which began the recent family ownership
Trading as Sheldon News, the business has been under family ownership
for more than 30 years.
Companies in Indonesia are mostly characterized by family ownership
in which the top management positions, whether it is the board of commissioners or the board of directors, are filled by family members.
Villalonga and Amit (2006) focus three components of the definition of the family firms categorically: family ownership
, ultimate control (achieved through control enhancing mechanism in excess of ownership) and management.
There are numerous studies which contend that family ownership
enhances firm performance (Trevino and Alvararado-Rodriquez 2011; Bonilla, Sepulveda and Carvajal 2010; Sraer and Thesmar 2007; Maury 2006; Villalonga and Amit 2006 and Anderson and Reeb 2003).
Eleven other families with enterprises from across the state averaging over 77 years of continuous family ownership
were in contention for the award.
This conceptual paper attempts to fill the research gap by examining the family ownership
, foreign ownership, outside board members and firm performance using innovation as a mediator.
BV is investing in partnership with Keith and Glenn Stinson, the third generation of family ownership
. The Stinsons will continue to run the business and maintain a significant ownership interest in the company.
Weiss represented both the buyer, Force Capital and the seller, a long-term family ownership
. The property was built in 1920 and is situated near the Roosevelt Island Tram Station.