Trébucq, Stéphane - In: Revue Finance Contrôle Stratégie 5 (2002) 4, pp. 107-135
The present study investigates the impact on wealth creation for shareholders when businesses are both family-owned and have ESOPs. Using data for 109 large quoted French firms from the SBF250 index, the study tends to confirm that family-controlled firms create more shareholder value but open...