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

Fabio Franzoi

ISBN 10: 3631901275 / ISBN 13: 9783631901274

Verlag: Peter Lang, Peter Lang Jul 2023, 2023

Beschreibung

Neuware -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. 188 pp. Englisch. Bestandsnummer des Verkäufers 9783631901274

Bibliografische Details

Titel: The Influence of Family Blockholders on the ...

Verlag: Peter Lang, Peter Lang Jul 2023

Erscheinungsdatum: 2023

Einband: Buch

Zustand: Neu

Über diesen Titel

Inhaltsangabe:

This dissertation investigates the influence of large family shareholders on financial decisions and the performance of listed firms in Germany. It documents the effect of family ownership and the management involvement of family shareholders on working capital management, earnings management as well as the stock market performance of family firms.

Über die Autorin bzw. den Autor:

Fabio Franzoi studied Corporate Management & Economics at Zeppelin University and in Siena. During his studies, he worked at the Friedrichshafen Institute of Family Entrepreneurship as well as the Chair for Banking and Finance. While pursuing a part-time PhD-program in the private sector, he earned his PhD at Zeppelin University in 2022. His research focus is on financing, performance and the specific ownership and control structures of family businesses.