000029640 001__ 29640
000029640 005__ 20150119231711.0
000029640 0248_ $$aoai:doc.rero.ch:20120820091513-VD$$pinfonet_economy$$punifr$$pcdu33$$preport$$zcdu34$$zthesis_urn$$zrero_explore$$zthesis$$zbook$$zjournal$$zpostprint$$zcdu16$$zpreprint$$zcdu1$$zdissertation
000029640 035__ $$aR007164282
000029640 041__ $$aeng
000029640 080__ $$a33
000029640 100__ $$aIsakov, Dušan
000029640 245__ $$9eng$$aAre Founding Families Special Blockholders ? An Investigation of Controlling Shareholder Influence on Firm Performance
000029640 269__ $$c2012-08-20
000029640 300__ $$a31
000029640 490__ $$aWorking Papers SES$$v428
000029640 520__ $$9eng$$aThis paper examines how family and non-family ownership affects the performance of Swiss listed firms from 2003 to 2010. We distinguish between these two types of controlling shareholders since they have different objectives. We hypothesise that only family shareholders have a real incentive to reduce agency costs whereas non-family blockholders are similar to widely held companies. Our results show that family firms are more profitable and sometimes display better market valuations as opposed to companies that are widely held or have a non-family blockholder. We investigate the impact of different features of family firms on performance, and document that the generation of the family, active involvement of the family and contestability of family control play an important role.
000029640 695__ $$9eng$$afounding family firm ; active management ; founder ; ownership structure ; firm performance ; contestability
000029640 700__ $$aWeisskopf, Jean-Philippe
000029640 775__ $$gFaculté SES$$ohttp://www.unifr.ch/ses/wp
000029640 8564_ $$fWP_SES_428.pdf$$qapplication/pdf$$s270276$$uhttp://doc.rero.ch/record/29640/files/WP_SES_428.pdf$$yorder:1$$zDocument
000029640 918__ $$aFaculté des sciences économiques et sociales$$bDécanat, Av. de l'Europe 20, 1700 Fribourg
000029640 919__ $$aUniversité de Fribourg$$bFribourg$$ddoc.support@rero.ch
000029640 980__ $$aREPORT$$bUNIFR
000029640 982__ $$aWorking Papers SES
000029640 990__ $$a20120820091513-VD