explore the perceptions of family firm owners towards external managers by analyzing how their family-specific and company … providers. Prior work: Prior research has acknowledged that the attitude to external managers is a major concern for family … independence and control is high. Furthermore, they do not seem to trust external managers to act in accordance to their goal of …

We use a large database of more than 685,000 European firms to show that financial flexibility attained through …, we show that financial flexibility status allows companies to reduce the negative impact of liquidity shocks on their … investment decisions. Our findings support the hypothesis that financial flexibility relates to companies’ ability to undertake …

flexibility. Secondly, how earnings quality affects financial flexibility. And finally, to provide evidence of the role of … corporate governance between earnings quality and financial flexibility composing overall corporate governance index (CG …-year observations. This study used liquidity as the proxy of financial flexibility, and also used a comprehensive index of corporate …

Grundpfeilern der Corporate Governance, einen wesentlichen Erfolgsfaktor zur Reduktion von Bilanzpolitik, zur Aufdeckung von …

which managers could become entrenched, they already bear a large proportion of the costs and have therefore an incentive to …

with the evolution in executive pay and the market for managers during earlier time periods. A case study of General …