This prologue to the special issue documents and discusses the current family business research literature on strategy, ownership, governance and the socio-psychological dimension. The articles in this special issue represent theoretical and empirical research using micro and macro databases...

This paper examines the relationship between the institutional environment and sustained corporate illegality. We find that cognitive assumptions generate expectations that can, under specific circumstances, induce organizations to amplify illegal actions and that serve to lessen regulatory...

Using proprietary market microstructure data of Milan Stock Exchange and strategic plan presentations of Italian firms as disclosure events we explore the distributional effects of voluntary disclosure. We document systematic trading patterns around our disclosure events that on average generate...

In this paper, we address the question of whether the board of directors is more effective in constraining earnings management after the mandatory application of IFRS. Specifically, we explore how two board characteristics -- board independence and (2) the existence of an audit committee impact...