Publicação
Family ownership, corporate governance and performance - the case of portuguese listed family firms
| Resumo: | The research objective is to study the connections linking firm performance, family ownership and corporate governance. Board composition and board independence were used to represent corporate governance characteristics. The research used data for Portuguese listed companies in Euronext Lisbon Stock Exchange for the period of 2011 to 2021. The analysis results from the development of multiple linear regressions and multivariable fractional polynomial regressions. The findings reveal that family ownership is linearly linked to performance measured in market terms, and non-linearly to performance measured in accounting terms. Additionally, corporate governance variables impact mostly performance, measured by Tobin’s Q, and thus market expectations. |
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| Autores principais: | Nunes, Filipa Pedroso |
| Assunto: | Corporate governance Family business Corporate performance Board structure Board independence |
| 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: | The research objective is to study the connections linking firm performance, family ownership and corporate governance. Board composition and board independence were used to represent corporate governance characteristics. The research used data for Portuguese listed companies in Euronext Lisbon Stock Exchange for the period of 2011 to 2021. The analysis results from the development of multiple linear regressions and multivariable fractional polynomial regressions. The findings reveal that family ownership is linearly linked to performance measured in market terms, and non-linearly to performance measured in accounting terms. Additionally, corporate governance variables impact mostly performance, measured by Tobin’s Q, and thus market expectations. |
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