B Villalonga, R Amit - Oxford Review of Economic Policy, 2020 - academic.oup.com
This article reviews the existing literature about the most prevalent form of corporate ownership around the world: ownership by individuals—particularly founders—and families …
Abstract Family-controlled firms (FCFs)'prevalence, strategies, and performance differ across countries. We explain these differences through the lens of informal institutions, suggesting …
Family firms are often portrayed as an important yet conservative form of organization that is reluctant to invest in innovation; however, simultaneously, evidence has shown that family …
A Ferrell, H Liang, L Renneboog - Journal of financial economics, 2016 - Elsevier
In the corporate finance tradition, starting with Berle and Means (1932), corporations should generally be run to maximize shareholder value. The agency view of corporate social …
There are competing theoretical explanations and conflicting empirical evidence for the initial public offering (IPO) underpricing phenomenon in family firms. The behavioral agency …
Despite its importance, there is no clear understanding of the uniqueness of family firms' internationalization. This article sheds new light on this issue with a meta–analysis of 76 …
P Berrone, C Cruz… - Family business …, 2012 - journals.sagepub.com
This article makes the case for the socioemotional wealth (SEW) approach as the potential dominant paradigm in the family business field. The authors argue that SEW is the most …
This paper conducts an empirical study as to whether family firms are more socially responsible than their nonfamily counterparts and explores the conditions in which this …