Eklund, Johan E.; Palmberg, Johanna; Wiberg, Daniel - Ratioinstitutet - 2010
This paper investigates how family ownership, control, and management affect firms’ investment performance. We use the … in family firms, whereas descendant management has a negative impact on returns on investment. Having an externally hired … flow right has a negative impact on investment performance in both family and non-family firms, but the negative effect is …