Schmid, Thomas; Achleitner, Ann-Kristin; Ampenberger, Markus - In: Research Policy 43 (2014) 1, pp. 233-244
the family. The impact of family control (via voting rights) is negative, but mostly not significant. While this negative … family control effect is in line with hitherto existing literature, the positive impact of family management is surprising … show that this puzzling result is related to corporate opacity. Opaque family managed firms report too conservative R …