This paper examines the relationship between the ownership structure and the stock returns for a sample of 195 companies listed on the Swiss Exchange for the period 2003-2013. The distinction is made between family firms, widely held firms and those owned by another blockholder, as well as...

Recently, a flurry of state legislation has made it possible for an individual to create a long-term private trust, called a Dynasty Trust, in close to one-half of the states of the United States. What is unusual about Dynasty Trusts is that they may be established to last for 150 years, 1,000...

This paper investigates the role of the family organization of the mutual fund industry in shaping managerial portfolio decisions and fund performance. Mutual fund managers who actively deviate from the "average" portfolio of other funds in the same fund family significantly outperform managers...

Using a large and long sample of US and European mutual funds we examine the impact that the membership of a fund family has on performance. We test for strategic and competitive behaviour among family funds and whether this affects performance persistence and risk taking behaviour. We find no...