Publicação
Corporate governance and its impact on financial performance of public family-lowned firms: a study of market capitalization
| Resumo: | Corporate Governance strongly contributes to the efficient functioning of the market and corporations, not only by providing the right governance architecture, but also by aligning goals and interests between shareholders and management. Family businesses have been present throughout all of economic history. This work project will be focused on the relationship between family-ownership, firm value, and performance. This is measured separately by using Tobin’s Q and Market Capitalization. The sample will be limited to the European Market, more precisely, the Portuguese and Danish Markets, for which we observe a negative effect of family-ownership on firm value in all models. |
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| Autores principais: | Frellsen, Marcus Winther |
| Assunto: | Corporate governance Regression analysis Family-firm performance European markets Denmark & Portugal Agency-theory |
| Ano: | 2023 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| Resumo: | Corporate Governance strongly contributes to the efficient functioning of the market and corporations, not only by providing the right governance architecture, but also by aligning goals and interests between shareholders and management. Family businesses have been present throughout all of economic history. This work project will be focused on the relationship between family-ownership, firm value, and performance. This is measured separately by using Tobin’s Q and Market Capitalization. The sample will be limited to the European Market, more precisely, the Portuguese and Danish Markets, for which we observe a negative effect of family-ownership on firm value in all models. |
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