Founding family ownership and firm performance: Evidence from the evolution of family ownership and...
Founding family ownership and firm performance: Evidence from the evolution of family ownership and firm policies
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Publisher
Oxford: Blackwell Publishing Ltd
Journal title
Language
English
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Publisher
Oxford: Blackwell Publishing Ltd
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Scope and Contents
Contents
We use a novel dataset to follow the evolution of family ownership, firm value and firm policies for up to 25 years post initial public offering (IPO). Firm value, measured by Tobin's Q, increases as family ownership decreases over time. Firms with higher family ownership invest less in research and development (R&D) and have greater R&D sensitivit...
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Full title
Founding family ownership and firm performance: Evidence from the evolution of family ownership and firm policies
Authors, Artists and Contributors
Author / Creator
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TN_cdi_proquest_journals_2704750614
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_2704750614
Other Identifiers
ISSN
0306-686X
E-ISSN
1468-5957
DOI
10.1111/jbfa.12593
