Get 20M+ Full-Text Papers For Less Than $1.50/day. Start a 14-Day Trial for You or Your Team.

Learn More →

Founding Family Controlled Firms: Performance, Risk, and Value

Founding Family Controlled Firms: Performance, Risk, and Value An agency theory framework is used to test the effects of founding family control on firm performance, capital structure, and value. Both the finance and management literatures regarding the relationship between firm control and firm value are explored. Controlling for size, industry, and managerial ownership, the results suggest that firms controlled by the founding family have greater value, are operated more efficiently, and carry less debt than other firms. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Small Business Management Taylor & Francis

Founding Family Controlled Firms: Performance, Risk, and Value

Founding Family Controlled Firms: Performance, Risk, and Value

Journal of Small Business Management , Volume 39 (1): 19 – Jan 1, 2001

Abstract

An agency theory framework is used to test the effects of founding family control on firm performance, capital structure, and value. Both the finance and management literatures regarding the relationship between firm control and firm value are explored. Controlling for size, industry, and managerial ownership, the results suggest that firms controlled by the founding family have greater value, are operated more efficiently, and carry less debt than other firms.

Loading next page...
 
/lp/taylor-francis/founding-family-controlled-firms-performance-risk-and-value-xU6L3vygwC

References (47)

Publisher
Taylor & Francis
Copyright
© 2001 International Council for Small Business
ISSN
1540-627X
eISSN
0047-2278
DOI
10.1111/0447-2778.00004
Publisher site
See Article on Publisher Site

Abstract

An agency theory framework is used to test the effects of founding family control on firm performance, capital structure, and value. Both the finance and management literatures regarding the relationship between firm control and firm value are explored. Controlling for size, industry, and managerial ownership, the results suggest that firms controlled by the founding family have greater value, are operated more efficiently, and carry less debt than other firms.

Journal

Journal of Small Business ManagementTaylor & Francis

Published: Jan 1, 2001

There are no references for this article.