The Influence of Family Blockholders on the Financial Behavior of Listed Family Firms

Fabio Franzoi

ISBN 10: 3631901275 / ISBN 13: 9783631901274

Editore: Peter Lang, Peter Lang Jul 2023, 2023

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Neuware -This dissertation investigates the influence of large family shareholders on financial decisions and the performance of listed firms in Germany. This country is especially interesting, as the German corporate governance system is considered less investor- friendly with a limited influence of shareholders on managerial decisions. Based on the incentive structure of family blockholders and their influence in corporate boards, the four studies offer a novel approach to analyzing the financial behavior of family firms. They use a hand-collected panel dataset identifying blockholders and every board position in 278 corporations. The dissertation demonstrates that the degree of family involvement in boards significantly influences working capital and earnings management as well as stock market performance and provides contributions for academia and practitioners alike. 188 pp. Englisch.

Codice articolo 9783631901274

Dati bibliografici

• Titolo: The Influence of Family Blockholders on the Financial Behavior of Listed Family Firms
• Editore: Peter Lang, Peter Lang Jul 2023
• Data di pubblicazione: 2023
• Lingua: Inglese
• ISBN 10: 3631901275
• ISBN 13: 9783631901274
• Rilegatura: Buch
• Condizione: Neu
• Dimensioni: 216 L x 153 A x 14 P (millimetri) 216 millimetri di larghezza per 153 millimetri di altezza per 14 millimetri di profondità
• Peso: 363 grammi

Descrizione articolo

Riassunto

This dissertation investigates the influence of large family shareholders on financial decisions and the performance of listed firms in Germany. It documents the effect of family ownership and the management involvement of family shareholders on working capital management, earnings management as well as the stock market performance of family firms.