Family control in listed corporations: A review of the literature

Research output: Contribution to journalReview articleResearchpeer-review

Abstract

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.

LanguageEnglish
Pages237-320
Number of pages84
JournalFoundations and Trends in Entrepreneurship
Volume10
Issue number4
DOIs
Publication statusPublished - 20 Mar 2015

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Empirical study
Family control
Shareholders
Corporate disclosure
Empirical evidence
Corporate governance
Socio-economics
Research directions
Family firms
Firm performance
Financing
Investment horizon
Proportion

Cite this

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Family control in listed corporations : A review of the literature. / Lau, James.

In: Foundations and Trends in Entrepreneurship, Vol. 10, No. 4, 20.03.2015, p. 237-320.

Research output: Contribution to journalReview articleResearchpeer-review

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