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The benefits of family ownership and control of firms are at the center of the family firm debate. Previous studies … have used either family ownership or management as proxies for control. Both indicators are off the mark, as they do not … of family ownership, control and management on financial firm performance, while controlling for goal heterogeneity of …
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concentration and the CEO’s attitude and behavior, we are showing on empirical grounds the relationship between the manager’s … managers. In particular, we found that the application of a persuasion mechanism does not have a real impact on the alignment … of the manager’s attitude and behavior in key tasks, such as the innovation decision. The CEO’s real behavior was more …
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This paper presents theoretical analysis of how career concerns and shareholder monitoring affect chief executive officer (CEO) agency costs. We investigate investment efficiency prior to CEO retirement based on a sample of Chinese state-owned enterprises (SOEs) during the 1999-2007 period and...
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