Publicação
Corporate governance issues in family and nonfamily firms: evidence from Portugal
| Resumo: | Family firms have idiosyncrasies which may influence corporate governance. In that regard, this work’s contribution is twofold. First, it compares corporate governance of family and non-family firms. Second, it further examines these firms, discriminating between firms listed in the Portuguese stock market index and the others. The sample includes 37 Portuguese listed firms, 16 listed in the Portuguese stock index, the PSI 20. Following a quantitative analysis, the findings show that family firms, especially the ones listed in PSI 20, have more independent members, tend to comply more with corporate governance recommendations, and display more corporate governance information on their websites than other firms. This suggests that family firms try to avoid information asymmetries, so as to evade mispricing, sustain their sustainability, and reduce agency costs. |
|---|---|
| Autores principais: | Lisboa, Inês |
| Assunto: | Family firms Corporate governance Portugal Listed firms PSI 20 |
| Ano: | 2018 |
| País: | Portugal |
| Tipo de documento: | artigo |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Instituto Politécnico de Leiria |
| Idioma: | inglês |
| Origem: | IC-online |
| _version_ | 1865920194947317760 |
|---|---|
| author | Lisboa, Inês |
| author_facet | Lisboa, Inês Lisboa, Inês |
| author_role | author |
| contributor_name_str_mv | Repositório IC-Online |
| country_str | PT |
| creators_json_str | [{\"Person.name\":\"Lisboa, Inês\",\"Person.identifier.orcid\":\"0000-0003-2802-2589\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Repositório IC-Online |
| datacite.creators.creator.creatorName.fl_str_mv | Lisboa, Inês |
| datacite.date.Accepted.fl_str_mv | 2018-12-01T00:00:00Z |
| datacite.date.available.fl_str_mv | 2023-12-06T19:13:18Z |
| datacite.date.embargoed.fl_str_mv | 2023-12-06T19:13:18Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | Family firms Corporate governance Portugal Listed firms PSI 20 |
| datacite.titles.title.fl_str_mv | Corporate governance issues in family and nonfamily firms: evidence from Portugal Governo das sociedades nas empresas familiares e não familiares: evidência para Portugal |
| dc.contributor.none.fl_str_mv | Repositório IC-Online |
| dc.creator.none.fl_str_mv | Lisboa, Inês |
| dc.date.Accepted.fl_str_mv | 2018-12-01T00:00:00Z |
| dc.date.available.fl_str_mv | 2023-12-06T19:13:18Z |
| dc.date.embargoed.fl_str_mv | 2023-12-06T19:13:18Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10400.8/9015 |
| dc.language.none.fl_str_mv | eng |
| dc.rights.cclincense.fl_str_mv | http://creativecommons.org/licenses/by/4.0/ |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | Family firms Corporate governance Portugal Listed firms PSI 20 |
| dc.title.fl_str_mv | Corporate governance issues in family and nonfamily firms: evidence from Portugal Governo das sociedades nas empresas familiares e não familiares: evidência para Portugal |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_6501 |
| description | Family firms have idiosyncrasies which may influence corporate governance. In that regard, this work’s contribution is twofold. First, it compares corporate governance of family and non-family firms. Second, it further examines these firms, discriminating between firms listed in the Portuguese stock market index and the others. The sample includes 37 Portuguese listed firms, 16 listed in the Portuguese stock index, the PSI 20. Following a quantitative analysis, the findings show that family firms, especially the ones listed in PSI 20, have more independent members, tend to comply more with corporate governance recommendations, and display more corporate governance information on their websites than other firms. This suggests that family firms try to avoid information asymmetries, so as to evade mispricing, sustain their sustainability, and reduce agency costs. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | article |
| fulltext.url.fl_str_mv | https://iconline.ipleiria.pt/bitstreams/5928bbcb-62c3-4c7b-93f3-7931c90ff4b9/download |
| id | iconline_c82fbe4d09721dfd05bdfdef2a7939a5 |
| identifier.url.fl_str_mv | http://hdl.handle.net/10400.8/9015 |
| instacron_str | iconline |
| institution | Instituto Politécnico de Leiria |
| instname_str | Instituto Politécnico de Leiria |
| language | eng |
| network_acronym_str | iconline |
| network_name_str | IC-online |
| oai_identifier_str | oai:iconline.ipleiria.pt:10400.8/9015 |
| organization_str_mv | urn:organizationAcronym:iconline |
| person_str_mv | Lisboa, Inês Lisboa, Inês https://www.ciencia-id.pt/5510-48F2-54DF 5510-48F2-54DF http://orcid.org/0000-0003-2802-2589 0000-0003-2802-2589 |
| publishDate | 2018 |
| reponame_str | IC-online |
| repository_id_str | urn:repositoryAcronym:iconline |
| service_str_mv | urn:repositoryAcronym:iconline |
| spelling | engpt_PTFamily firms have idiosyncrasies which may influence corporate governance. In that regard, this work’s contribution is twofold. First, it compares corporate governance of family and non-family firms. Second, it further examines these firms, discriminating between firms listed in the Portuguese stock market index and the others. The sample includes 37 Portuguese listed firms, 16 listed in the Portuguese stock index, the PSI 20. Following a quantitative analysis, the findings show that family firms, especially the ones listed in PSI 20, have more independent members, tend to comply more with corporate governance recommendations, and display more corporate governance information on their websites than other firms. This suggests that family firms try to avoid information asymmetries, so as to evade mispricing, sustain their sustainability, and reduce agency costs.application/pdfpt_PTCorporate governance issues in family and nonfamily firms: evidence from PortugalAlternativeTitlept_PTGoverno das sociedades nas empresas familiares e não familiares: evidência para PortugalPersonalLisboa, InêsDSpacehttp://dspace.org/items/d738c31a-5c43-42ad-8643-e7349164d0e4DSpacehttp://dspace.org/items/d738c31a-5c43-42ad-8643-e7349164d0e4LisboaInêsCiência IDhttps://www.ciencia-id.pt5510-48F2-54DFORCIDhttp://orcid.org0000-0003-2802-2589Scopus Author IDhttps://www.scopus.com55582040700HostingInstitutionOrganizationalRepositório IC-Onlinee-mailmailto:repositorio@ipleiria.ptrepositorio@ipleiria.ptISSNIsPartOf1646-8848DOIIsPartOfhttps://doi.org/10.46691/es.v2i23.1872023-12-06T19:13:18Z2018-122018-12-01T00:00:00ZHandlehttp://hdl.handle.net/10400.8/9015http://purl.org/coar/access_right/c_abf2open accessFamily firmsCorporate governancePortugalListed firmsPSI 20507968 bytesliteraturehttp://purl.org/coar/resource_type/c_6501journal article2018-12http://creativecommons.org/licenses/by/4.0/http://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://iconline.ipleiria.pt/bitstreams/5928bbcb-62c3-4c7b-93f3-7931c90ff4b9/downloadEgitania Sciencia223103121 |
| spellingShingle | Corporate governance issues in family and nonfamily firms: evidence from Portugal Corporate governance issues in family and nonfamily firms: evidence from Portugal Lisboa, Inês Family firms Corporate governance Portugal Listed firms PSI 20 Lisboa, Inês Family firms Corporate governance Portugal Listed firms PSI 20 |
| status | NEW |
| subject.fl_str_mv | Family firms Corporate governance Portugal Listed firms PSI 20 |
| title | Corporate governance issues in family and nonfamily firms: evidence from Portugal |
| title_full | Corporate governance issues in family and nonfamily firms: evidence from Portugal |
| title_fullStr | Corporate governance issues in family and nonfamily firms: evidence from Portugal Corporate governance issues in family and nonfamily firms: evidence from Portugal |
| title_full_unstemmed | Corporate governance issues in family and nonfamily firms: evidence from Portugal Corporate governance issues in family and nonfamily firms: evidence from Portugal |
| title_short | Corporate governance issues in family and nonfamily firms: evidence from Portugal |
| title_sort | Corporate governance issues in family and nonfamily firms: evidence from Portugal |
| topic | Family firms Corporate governance Portugal Listed firms PSI 20 |
| topic_facet | Family firms Corporate governance Portugal Listed firms PSI 20 |
| url | http://hdl.handle.net/10400.8/9015 |
| visible | 1 |