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performance. To measure investment performance Mueller and Reardon’s (1993) marginal q is used, although derived directly from … both domestic and foreign institutional owners positively influence firm performance. Furthermore a non-linear relation … between institutional ownership concentration and performance is found. This is consistent with positive incentive effects and …
Persistent link: https://www.econbiz.de/10005642441
investment performance we used a measure of marginal q which measures the ratio of the investment returns to cost of capital …. Institutional owners are found to have had a positive effect on performance, with a marginally diminishing effect of institutional … performance, eradicating the positive influence of institutional ownership. …
Persistent link: https://www.econbiz.de/10011095552
entry, performance, and survival. Using propensity score matching, we compare three Swedish cohorts from Junior Achievement …
Persistent link: https://www.econbiz.de/10011106045
performance are positively related to CEO compensation. …
Persistent link: https://www.econbiz.de/10009651234
This paper examines the relationship between the board-member independence, family control, and financial performance … dominates the board of director. Board-member independency is found positively affect a firm's financial performance. The …, families, and employees does not have any impact on the firm investment performance. The results are important in the …
Persistent link: https://www.econbiz.de/10009651235
The purpose of this paper is to investigate if the industry context matters for whether Gibrat's law is rejected or not using a dataset that consists of all limited firms in 5-digit NACE-industries in Sweden during 1998-2004. The results reject Gibrat's law on an aggregate level, since small...
Persistent link: https://www.econbiz.de/10008740729
Prior studies have defined high-growth firms (HGFs) in terms of sales or employment, and analyzed their contribution to employment growth. We define HGFs by employment and sales and add definitions of value added and productivity. We examine the contribution of HGFs to employment growth,...
Persistent link: https://www.econbiz.de/10008635707
Empirical studies demonstrate that most net job-growth originates from a small number of high-growth firms (HGFs). The purpose of this paper is to analyze whether firm ownership – family, or private non-family – matters for being a HGF, using data covering all firms in Sweden during...
Persistent link: https://www.econbiz.de/10008543204
We analyze the proportion of family business and its contribution to employment and gross domestic product (GDP). Our analysis adds to the literature by including all listed firms and by investigating a longer period than has heretofore been reported. The main contribution is to extend the...
Persistent link: https://www.econbiz.de/10008472090
It is often claimed that small and young firms account for a disproportionately large share of net employment growth. We conduct a meta analysis of the empirical evidence regarding whether net employment growth rather is generated by a few rapidly growing firms – so-called Gazelles – that...
Persistent link: https://www.econbiz.de/10005419153