Sök

A Contractual Perspective of the Firm with an Application to the Maritime Industry

PublikationBokkapitel
Företagandets villkor, Johanna Palmberg

Bjuggren, P-O. & Palmberg, J. (2009). ”A Contractual Perspective of the Firm with an Application to the Maritime Industry.” I Bjuggren, P-O. & Mueller, D.C. (red.), The Modern Firm, Corporate Governance and Investment. Cheltenham, UK: Edward Elgar.

Baserat på innehåll

The Impact of Vote Differentiation on Investment Performance in Listed Family Firms
Article (with peer review)Publikation
Bjuggren, P-O. & Palmberg, J.
Publiceringsår

2010

Sammanfattning

This article investigates the effects of separation of ownership and control because of vote differentiation on listed family firms’ investment performance. The authors study the question of whether family-controlled firms have better investment performance than nonfamily firms and whether this investment performance is negatively affected by a separation of ownership and control because of vote differentiation. Marginal q is used as a performance measure. The empirical analysis shows that family control has a positive impact on investment performance when ownership and control are aligned, whereas separation of ownership and control in terms of vote-differentiated shares reduce investment performance.

The Impact of Vote Differentiation on Investment Performance in Listed Family Firms
Artikel (med peer review)Publikation
Bjuggren, P-O. & Palmberg, J.
Publiceringsår

2010

Sammanfattning

This article investigates the effects of separation of ownership and control because of vote differentiation on listed family firms’ investment performance. The authors study the question of whether family-controlled firms have better investment performance than nonfamily firms and whether this investment performance is negatively affected by a separation of ownership and control because of vote differentiation. Marginal q is used as a performance measure. The empirical analysis shows that family control has a positive impact on investment performance when ownership and control are aligned, whereas separation of ownership and control in terms of vote-differentiated shares reduce investment performance.

Visa fler

Ratio är ett fristående forskningsinstitut som forskar om hur företagandets villkor kan utvecklas och förbättras.

Sveavägen 59 4trp

Box 3203

103 64 Stockholm

Postgiro: 382621-1

|

Bankgiro: 512-6578