financial crisis. The involvement of family in firm's ownership, management and governance along with the firm's age constitute … firms with lower family ownership and prove a stronger performance in younger family businesses. The results of the study do … not confirm the positive involvement of family members, through management (CEO) and governance (BoD) positions in the …

This study investigates the relationship between the Chairman’s characteristics (age, title, tenure, and ownership) and … the firm’s operating performance (measured by profitability and liquidity), and whether the Chief Executive Officer’s (CEO … positively and significantly associated with the firm’s profitability but not with liquidity. Conversely, Chairman ownership is …