This authoritative research review provides a broad overview of the role that family firms, both those publicly listed and privately held, play in the global economy. The editors have selected seminal papers which investigate how the family business model affects firm performance and corporate...

We bring together three disparate strands of literature to develop a comprehensive empirical framework to examine the efficiency of security analysts' earnings forecasts in Singapore. We focus specifically on how the increased uncertainty and the negative market sentiment during the period of...

This article proposes an agency model to explain the trade credit offer to clients. Our model is based on the existence of asymmetric information between sellers and buyers, which results in the appearance of two phenomena known as adverse selection and moral hazard. The former has already been...

This paper investigates the use of trade credit by firms from countries that have recently undergone a financial crisis. The paper examines a sample of 147 firms from Argentina, Brazil, and Turkey and finds empirical evidence that supports the substitution hypothesis between bank credit and...

This study develops a model in order to study in depth the relationship between investment and firm value. This model is estimated by using panel data methodology, obtaining results for Spanish firms. These results indicate a direct but inversely proportional relationship between the volume of...