Please note: In order to keep Hive up to date and provide users with the best features, we are no longer able to fully support Internet Explorer. The site is still available to you, however some sections of the site may appear broken. We would encourage you to move to a more modern browser like Firefox, Edge or Chrome in order to experience the site fully.

The Influence of Family Blockholders on the Financial Behavior of Listed Family Firms, Hardback Book

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

Part of the Finance, Banking and Accounting series

Hardback

Description

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.

Save 12%

£35.00

£30.69

 
Free Home Delivery

on all orders

 
Pick up orders

from local bookshops