The current literature on firm ownership around the world shows that concentrated ownership with only one or a few controlling owners is common, especially in many European and Asian countries. The dispersed ownership has proven to be uncommon and even countries with supposed dispersed ownership...

This paper offers new evidence on the relationship between contractual institutions, family management, and aggregate performance. The study creates a new firm-level database on management and ownership structures spanning 134 regions in 11 European countries. To guide the empirical analysis, it...

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...

Currently, between the two ownership structures (DO: Dispersed Ownership Structure, and CO: Concentrated Ownership Structure), there is a third type of shareholder structure in France: the Controlling-Minority Structure: CMS), in which minority shareholders control their business with a small...

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...

The study explores the impacts of family ownership on the Indian firms' performance. Utilizing the sample during the period of 14 years (2006 to 2020), our sample comprises a broad dataset of of 389 family firms in India. From the results of OSL, 2SLS, and S-GMM estimation methods, we find that...

This paper investigates the impact of the founding family's presence on CEO turnover decisions. We find that family firms managed by CEOs outside the founding family (i.e., professional CEO family firms) have higher CEO turnover-performance sensitivity than family firms managed by family members...

The aim of this paper is to examine how family businesses and non-family businesses pay their CEOs differently and the role corporate governance plays in the process. This is an empirical study to analyze the data of 400 listed firms on the Hong Kong Stock Exchange Main Board Market during...

We employ agency theory to argue that the effects of family (and founder) ownership vs. management will be quite different: the former is expected to contribute positively to performance, the latter is argued to erode performance. Previous studies, due to problems of multicollinearity have been...