Family control in listed corporations: A review of the literature

James Lau*

*Corresponding author for this work

Research output: Contribution to journalReview articlepeer-review


This monograph reviews 76 published empirical studies in relation to listed family corporations. Existing empirical evidence shows that a substantial proportion of listed corporations around the world are classified as family firms. Family shareholders are characterized as large, undiversified and with long-term investment horizons. These unique attributes are expected to have significant impacts on corporate behaviors. This monograph reviews the impact of family control on firm performance; financing and investment; corporate disclosures; corporate governance; and various socio-economic issues. Limitations of existing empirical studies and future research directions are provided.

Original languageEnglish
Pages (from-to)237-320
Number of pages84
JournalFoundations and Trends in Entrepreneurship
Issue number4
Publication statusPublished - 20 Mar 2015

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