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Founding Family Ownership and Firm Performance: Evidence from the Evolution of Family Ownership and Firm Policies

SSRN Electronic Journal, 2022
AbstractWe use a novel dataset to follow the evolution of family ownership, firm value and firm policies for up to 25 years post initial public offering (IPO). Firm value, measured by Tobin's Q, increases as family ownership decreases over time. Firms with higher family ownership invest less in research and development (R&D) and have greater R& ...
Huimin Li, Harley E. Ryan
openaire   +1 more source

“For better or for worse” – the role of family ownership in the resilience of rural hospitality firms

, 2020
Family business research has identified contributing factors to the dominance of family firms in the tourism industry worldwide. The tourism literature, however, has focused more on start-ups than on long-term survival, especially in areas of rural ...
A. Engeset
semanticscholar   +1 more source

Family Businesses and Employee Ownership

Family Business Review, 1988
Employee ownership, properly structured, enhances the strengths of family-owned firms and offers significant financial benefits. Employee ownership is often of particular interest to family firms when an owner is seeking to retire and has no heirs interested in continuing in the business.
John Weiser   +2 more
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Successful Ownership in Business Families

Family Business Review, 1992
The concept of ownership can be viewed in a narrow legal sense or from a broader perspective that encompasses knowledge, skill, integrity, responsibility, trust, and mutual consideration. When this “spirit of ownership” is achieved, the family business prospers and the family itself becomes a close-knit, effective team.
openaire   +1 more source

Family Ownership and Firm Performance

Academy of Management Proceedings, 2013
Drawing upon agency theory, we examine the impact of interactions among family ownership, firm age, and succession intentions on firm performance. We suggest that family ownership has an inverted U-shaped relationship with firm performance in small-to-medium sized family firms.
Hanqing Fang   +3 more
openaire   +1 more source

Family Ownership and Antitrust Violations

SSRN Electronic Journal, 2019
We study how family ownership shapes the firms' likelihood of being involved in antitrust indictments. Using data from Italy, we show that family firms are significantly less likely than other firms to commit antitrust violations. To achieve identification, we exploit a law change that made it easier to transfer family control.
Mario Daniele Amore, Riccardo Marzano
openaire   +1 more source

Introducing ownership innovation as an approach to study family firms ownership practices

2023
This chapter focuses on ownership innovation, especially on family owners’ role in conducting innovative activities in their pursuit of control and development of the family business. Using a qualitative case study, we show how family firm owners create, develop, and adopt new organizational structures, practices, and tools to manage their family ...
Suvi Konsti-Laakso   +3 more
openaire   +2 more sources

Ownership structure, family control, and acquisition decisions

Journal of Corporate Finance, 2011
Abstract We investigate how ownership and family control influence the decision to take part in M&As as an acquirer or as an acquired company in a sample of 777 large Continental European companies in the period 1998–2008. We find that ownership is negatively correlated with the probability of launching a takeover bid, and family firms are less ...
Croci, Ettore   +2 more
openaire   +2 more sources

Responsible Ownership in Family Enterprises

2014
Franz M. Haniel, chairman of the board of directors at Haniel, talks here about his aim of forging a family identity and training family members to become professional owners. Haniel is an internationally successful, family-owned diversified group of companies. In 2012, it employed around 56,000 employees, generating sales of €26.3 billion in more than
Alexander Koeberle-Schmid   +2 more
openaire   +1 more source

Effect of audit committee independence, board ethnicity and family ownership on earnings management in Malaysia

, 2019
The purpose of this paper is to investigate the effect of audit committee independence, board ethnicity and family ownership on earnings management in Malaysia.,The effect of audit committee independence, board ethnicity and family ownership on corporate
Wan Masliza Wan Mohammad   +1 more
semanticscholar   +1 more source

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