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Performance of family firms

  • Joern Block

Abstract

This chapter analyzes the performance of family firms, with a focus on return on assets (ROA) and market-to-book value (MTB). After a literature review (Section 5.1), I compare the performance of family and non-family firms using univariate and multivariate analysis (Section 5.2). After that, I estimate a multivariate model that determines the effect of the degree of family ownership and family management, two family firm characteristics, on firm performance (Section 5.3). Another model is estimated using the family firm definitions determined in Chapter 2. The multivariate models are estimated both with classical and Bayesian methods. Finally, Section 5.4 provides a summary of the main empirical results and discusses the contribution to the literature.

Keywords

Financial Performance Family Firm Generalize Little Square Dividend Yield Family Ownership 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Gabler | GWV Fachverlage GmbH 2009

Authors and Affiliations

  • Joern Block

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