We investigate whether family firms are more likely to engage in related party transactions (RPTs) and the impact of RPTs on the previously documented family firm value premium (Anderson and Reeb 2003). While RPTs are strategic in some situations and opportunistic in others (Kohlbeck and Mayhew...

We examine the voluntary disclosure practices of family firms. Family firms have longer investment horizons, lower agency conflicts between owners and managers but higher agency conflicts between controlling and non-controlling shareholders, and greater concerns about firm reputation. We...