The aim of this paper is to examine how family businesses and non-family businesses pay their CEOs differently and the … relationships among family firms, executive pay and corporate governance mechanisms. The empirical results show that compare with … non-family businesses, family businesses tend to grant more fixed compensation and less performance-based pay to their …

Using a hand-collected sample of Italian family and non-family-controlled firms, we investigate the moderating effect … of family ownership on the relation between earnings management and CEO turnover. Consistent with agency theory, we find … being primarily driven by non-family-controlled firms. In family-controlled firms, we find that the positive relation is …

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 …

This paper presents the first empirical evidence showing that the marriage of a member of the controlling family adds … value to public corporations. The results, based on a uniquely comprehensive data set from Thailand, show that the family … firm’s stock price increases when the partner is from either a prominent business or a political family. Abnormal returns …