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

Language: English

Published by Peter Lang AG, CH, 2023

3631901275 / 9783631901274

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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.

Seller Inventory # LU-9783631901274

Title
The Influence of Family Blockholders on the Financial Behavior of Listed Family Firms
Author
Fabio Franzoi
Publisher
Peter Lang AG, CH
Publication year
2023
Condition
New
Binding
Hardback
Language
English
ISBN 10
3631901275
ISBN 13
9783631901274
Item weight
319 grams

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