This paper studies the effect of corporate governance on value creation for listed companies. It also examines whether the fact that a business is owned or partly owned by a family has an impact on this variable as well as the behavior of companies at different stages of the economic cycle. Our...

Law no. 230 of July 6th, 2007 on the set up, organization and operation of the owners' associations, as well as its enforcement guidelines of December 19th, 2007 for the implementation of Law no. 230/2007, although they seem quite broadly regulated, they are not clear enough, not even to this...