English English
DeutschEnglish
Research
CommentariesStudiesFvS Wealth Price Index for GermanyFvS Wealth Price Series for the Euro AreaFvS Business Cycle IndicatorFvS Real Economy TrackerFvS Inflation TrackerThe Euro MeltdownPressPeer reviewed publications
About us
The instituteTeamContact
Research
CommentariesStudiesFvS Wealth Price Index for GermanyFvS Wealth Price Series for the Euro AreaFvS Business Cycle IndicatorFvS Real Economy TrackerFvS Inflation TrackerThe Euro MeltdownPressPeer reviewed publications
Press

02.07.2021 - Studies

Owner-controlled companies: Robust through the last decade

by Philipp Immenkötter

Profitability, low financial risk, and efficient capital allocation characterize owner-controlled companies. In the last decade, they generated an annual excess return of 3.2%.

This study is available in German only.

Related Articles

13.11.2014 - Companies

It’s better to have the owner monitoring

by Philipp Immenkötter

Owner-monitored companies from the DAX and MDAX generated an excess return of 5.9% p.a. in the period from 1994 to 2013. This development is based on long-term advantageous corporate control by intrinsically motivated owners and a stronger identity o ...

25.01.2019 - Companies

The Key to Skin in the Game

by Philipp Immenkötter

The executive compensation system is the central instrument for aligning the interests of managers and stakeholders. An ideal compensation system requires four features: stock ownership guidelines, a deferral of short-term compensation, long holding ...