We study the effects of family control on CEO pay from the perspective of behavioral agency model (BAM), with … particular focus on family firm's generational stage and CEO family ties. Using a panel of Australian listed firms, we find that … family firms present lower total and variable CEO pay, showing also less pay disparity between the CEO and other top …

We study 288 family firms included in the NSE CNX 500 index of the National Stock Exchange of India. We find an … entrenchment-alignment-entrenchment relationship between family ownership and firm value. We show that family CEO has a negative … moderating effect on the relationship between family ownership and firm value. When the interaction effect of Family CEO on …

We study the managers' compensation schemes adopted by publicly listed family firms by means of a theoretical model and … an empirical analysis. Existing empirical literature finds puzzling evidence about the structure of family CEOs' pay …, which apparently contradicts the fundamental tenets of principal-agent theory under moral hazard. In particular, family CEOs …

CEOs. The paper's main finding is consistent with the view that top managers, when given higher levels of responsibility …

We find that the difference between the mean return on assets of all Norwegian family firms and nonfamily firms is 1 ….4 percentage points and positive every year over twenty years. This family firm premium increases when the family as a whole owns a … increases when the family has less personal wealth, less diversified wealth, and less liquid shares. This evidence suggests that …

owners and managers, between family shareholders, and with the family at large. Key agreements include training and …This research examines the effectiveness of Family Constitution or Family Protocol agreements in mitigating each type … of agency conflict in family firms. We performed a qualitative analysis, through a case study, and found that the …