In this paper, we consider the relationship between performance and ownership concentration in a large number of publicly traded and privately held companies located in smaller European economies (Austria, Belgium, Finland, Ireland, and Ukraine). These countries represent the five legal families...

We examine the relationship among board characteristics (network centrality, leadership structure, outsider participation, portion of male directors, director age, and presence of financial experts) and firm-level financial performance (cash holdings, leverage, ROA, risk, and risk-adjusted...

Why might management teams decide to be innovative as opposed to selling existing products and services? What factors motivate entrepreneurs to pursue high-tech (vs. low-tech) business opportunities? These questions motivate this paper, which includes a battery of empirical tests based on the...