Despite the prevalence and economic importance of the family-owned firms and group-
affiliated firms in north America, Western Europe and East-Asia, little attention, if any, has …

abstract This paper focuses on a type of firms that have been traditionally neglected in both
family business and governance research, namely, family‐controlled, publicly‐listed firms …

The purpose of this paper is to examine the relationship between dividend payments, firms'
decisions control and the nature of family firms, in order to assess whether large …

Purpose–Most countries often have public companies with large controlling owners, typically
a family. This empirical evidence aims to contrast with the classical view of the largest …

We investigate whether family controlled firms use dividends, debt and board structure to
exacerbate or mitigate agency problems between controlling and minority shareholders in a …

This article examines the effects of family involvement on dividend policy in closely held
firms that face agency problems involving majority–minority shareholders. We argue that …

We reassess the effects of family ownership and strong family control on non-family minority
and non-controlling shareholders. We argue that assumptions and interpretations regarding …

We analyze whether family-controlled business groups, which are often structured as
pyramids, are a means to facilitate better access to capital or to expropriate minority …

Family ownership is relatively common among publicly listed firms in different countries.
Indeed, many companies around the world are controlled by large shareholders, usually …

This paper investigates whether family firms use dividends, board composition and debt to
expropriate the wealth of minority shareholders or to mitigate agency problems. Utilising …