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.
| Language | English |
|---|---|
| Pages | 237-320 |
| Number of pages | 84 |
| Journal | Foundations and Trends in Entrepreneurship |
| Volume | 10 |
| Issue number | 4 |
| DOIs | |
| Publication status | Published - 20 Mar 2015 |
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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 journal › Review article › Research › peer-review
TY - JOUR
T1 - Family control in listed corporations
T2 - Foundations and Trends in Entrepreneurship
AU - Lau, James
PY - 2015/3/20
Y1 - 2015/3/20
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=84936950910&partnerID=8YFLogxK
U2 - 10.1561/0300000057
DO - 10.1561/0300000057
M3 - Review article
VL - 10
SP - 237
EP - 320
JO - Foundations and Trends in Entrepreneurship
JF - Foundations and Trends in Entrepreneurship
SN - 1551-3114
IS - 4
ER -