We study 288 family firms included in the NSE CNX 500 index of the National Stock Exchange of India. We find an … entrenchment-alignment-entrenchment relationship between family ownership and firm value. We show that family CEO has a negative … moderating effect on the relationship between family ownership and firm value. When the interaction effect of Family CEO on …

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 …

This paper studies the relationship between ownership concentration, family ownership, management, and market and …-shaped relationship between ownership concentration and market performance, present in family and non-family firms, pointing out an … entrenchment effect or excessive risk aversion of the controlling group. The effect is worsened for family firms. The presence of …

This study examines the moderation effects of corporate governance provisions on the link between family involvement (i ….e., family ownership and family management) in publicly-traded firms and firm performance by drawing upon agency theory, with a … focus on principal-principal agency issues, and the extant family governance literature. We develop and test the hypotheses …

Using an agency theory perspective, this paper examines the influence of family control on the board size and board … independence of Indonesian listed firms. Further, the study also seeks to investigate whether family control explains the … association between board structure and firm value. This study is expected to enhance our understanding of the role of family …

This paper examines the relationship between board of director characteristics and performance in family businesses …, providing evidence on whether family firms differ from non-family ones and focusing also on the possibility of asymmetrical … was analysed for the 2002-2013 period, using a panel data approach. The results show that family firms are likely to have …

relation between performance and ownership and control structure in the context of family firms (FF) is much less studied … applied. Findings: The degree of family involvement shows a U-shaped relationship with performance, meaning that those firms … where the family does not hold the majority in the board should be open to receive external managers with greater knowledge …

We examine the association between ownership structure and dividend payout policy in a family firms dominated economy …. More specifically, we test whether family firms pay higher dividend compared to counter non-family firms in Bangladesh. We … argue that family firms are more likely to pay higher dividend to display lower agency problems between controlling family …

This study investigates the relationship between family ownership, agency costs, financial performance, and companies … Exchange (IDX) during 2007-2014. About 31% (45) of these manufacturing companies are family companies. The hypotheses were … affected by the family ownership. Family ownership and business strategies influence companies' financial performance. Agency …

We use a novel dataset to follow the evolution of family ownership, firm value, and firm policies for up to 25 years … post IPO. Firm value, measured by Tobin’s Q, increases as family ownership decreases over time. Firms with higher family …&D investment as a mechanism through which firm value relates negatively to family ownership. Firms with higher family ownership …