In this paper, we construct a novel measure of nepotism and explore its implications for firm value. We document that 35% of U.S. public firms employ relatives in top jobs. Using our measure, we show that nepotism decreases firm value: high-nepotism stocks underperform low-nepotism stocks by...

The objective of this paper is to find the relationship between family firms' CSR engagement and their non-family member employees' organisational identification. Drawing upon the existing literature on social identity theory, corporate social responsibility and family firms, the author proposes...

We examine the effect of family control on IFRS mandatory disclosure levels, and the valuation implications of these disclosure levels, for Malaysian companies. We find that family control is related negatively to disclosure and that compliance levels are not value relevant. These findings...

Corporate Social Responsibility (CSR) gained importance over the last years. Yet, only few studies have investigated CSR in German family firms. This study analyzes the CSR communication of 714 listed German family and non-family firms using a content analysis of CSR mission statements. We find...

Corporate governance and family-based problems reduce the life expectancy of publicly traded family companies. This situation causes investors and shareholders to suffer as well as the owners of the company. To avoid these problems, it is recommended that publicly-owned family business' managers...

Objective - The objective of this paper is to investigate the relationship between family ownership and corporate sustainability reporting to determine how the role of board independence affects the relationship between those variables within Malaysian listed companies.Methodology/Technique -...

In the standard ‘three circle model’ of family business the role of employees and of the embedding local community is neglected. However, both are an important element in current family business research on ‘socio-emotional wealth’ as forms of ‘benevolent social ties’. We suggest...

In today’s competitive business environment, family and non-family small and medium enterprises (SMEs) strive to survive despite many challenges. Market knowledge and marketing efforts are crucial for them to sustain and enhance business with limited resources. In this paper, we examined three...

Our conceptual paper presents the case for strengthening ritual theory in family business research. Ritual theory integrates various recent strands in qualitative research, such as on history, emotions, and narratives. We develop a new conceptual frame that builds on anthropological and...

Prior research shows that family control affects firm value through capital investment, debt financing, M&A activities, and governance structure. This study investigates the role of corporate culture in family firms and its implications for firm value. We use more than 100,000 surveys collected...