Costa, Cristiano M.; Galdi, Fernando Caio; Motoki, … - In: Economics Bulletin 34 (2014) 4, pp. 2292-2302
This research explores whether management by family members creates or destroys firm value. We estimate the impact of family pervasiveness in top management (family members as executive officers or board members) on firm value as measured by Tobin's Q. Results indicate that family members acting...