The paper studies how firm value is affected by family ownership and management in a sample of Italian listed firms. The study finds that family-managed firms generate a market-based performance significantly lower than both non-family counterparts and family firms managed by professional managers.
Morresi, O. (2009). Impresa familiare e performance: una verifica empirica sulle imprese italiane quotate. FINANZA MARKETING E PRODUZIONE, 3, 7-30.
Impresa familiare e performance: una verifica empirica sulle imprese italiane quotate
MORRESI, OTTORINO
2009-01-01
Abstract
The paper studies how firm value is affected by family ownership and management in a sample of Italian listed firms. The study finds that family-managed firms generate a market-based performance significantly lower than both non-family counterparts and family firms managed by professional managers.File in questo prodotto:
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