Based on behavioral finance theory, we discuss the influence of managers' herd behavior on corporate financialization … from the perspective of managers' behavioral preferences. Empirical testing was conducted using data from nonfinancial …

In January 2010 the Deutsche Börse Group introduced two family firm stock indices. Both indices are calculated as price … and performance indices and extend the number of investment strategy indices of Deutsche Börse Group. The DAXplus Family … is an all-share index whereas the DAXplus Family 30 represents a selection index of the 30 largest and most liquid Prime …

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 …

Building on the theory of Burkart et al. (2003) that family ownership and control of firms mitigate the twin conflicts … between owners and managers and between majority and minority owners, we suggest that the allocation of firm ownership rights … and informal governance within controlling families helps mitigate conflicts among family members, a third type of agency …

We find that the difference between the mean return on assets of all Norwegian family firms and nonfamily firms is 1 ….4 percentage points and positive every year over twenty years. This family firm premium increases when the family as a whole owns a … increases when the family has less personal wealth, less diversified wealth, and less liquid shares. This evidence suggests that …

owners and managers, between family shareholders, and with the family at large. Key agreements include training and …This research examines the effectiveness of Family Constitution or Family Protocol agreements in mitigating each type … of agency conflict in family firms. We performed a qualitative analysis, through a case study, and found that the …

bargaining power within marriage for women most affected by war deaths. The impact of sex ratio imbalance on marriage and family …How does a shock to sex ratios affect marriage markets and fertility? I use the drastic change in sex ratios caused by …, the results indicate that male scarcity led to lower rates of marriage and fertility, higher nonmarital births and reduced …

The prevalence and stability of marriage has declined in the United States as the economic lives of men and women have … converged. Family change has not been uniform, however, and the widening gaps in marital status, relationship stability, and …-Oaxaca decompositions of differences in key family outcomes across education groups show that, though individual non-cognitive traits are …