The current paper analyzes the impacts of privatization of Sudan air carrier, Sudan Airways. The hypothetical framework in this study is that alternative policies other than privatization are feasible. Sudan airways represents the sovereignty of the country carrying its flag, its objectives is...

We investigate the role played by institutional development in the prevalence and value of family firms, while controlling for the potential effect of cultural norms. China provides a good research lab since it combines great heterogeneity in institutional development across the Chinese...

The traditional link between the cash conversion cycle and the firm's profitability is that shortening the cash conversion cycle increases firm's profitability. On the other hand shortening the cash conversion cycle could harm the firm's operations and reduces profitability. However, identifying...

This study examines the relationship between financial performance and family involvement for 523 listed and non-listed Colombian firms over 1996-2006. Using a detailed database and performing several panel data regression models, we find that family firms exhibit better financial performance on...

In developed markets including the United States, family-controlled firms, in particular founder-controlled firms, have been associated with higher firm performance than their non-family counterparts. Such family-controlled firms have concentrated ownership, which according to agency theory...

In this paper, we aim to extend the empirical literature on the determinants of agency costs by using a large sample of UK listed firms. We investigate the impact of several corporate governance mechanisms on two alternative proxies for agency costs, namely the ratio of total sales to total...

This paper examines how family and non-family ownership affects the performance of Swiss listed firms from 2003 to 2010. We distinguish between these two types of controlling shareholders since they have different objectives. We hypothesise that only family shareholders have a real incentive to...

The aim of this study is to investigate the pre and post going public process of the operational, social, and financial and dividend policy performance of twenty five Portuguese family companies in most of sectors of economic activity that went public through public share offering and direct...

Recent research has documented that family-controlled firms are very common around the world. This paper provides new evidence on the accounting and market performance of this type of companies. The empirical investigation is conducted on a market in which family firms are well-established and...

This is an empirical study that examines the underpricing and aftermarket long-term performance of IPOs in China and IPO underpricing. Corporate governance aspects that may play a role in IPOs, such as ownership structure and external directors, are studied.The study show that firms with higher...