There is continuing uncertainty about whether family firms have lower agency costs. This paper proposes that a combination of family ownership and altruism affects agency costs in family firms. To begin with, family ownership can reduce agency costs through better aligning the interests of...

With increasing pressure on firms to deliver shareholder value, there has been a renewed emphasis on devising measures of corporate financial performance and incentive compensation plans that encourage managers to increase shareholder wealth. One professedly recent innovation in the field of...

Purpose - Motivated by the significant role of uncertainty in affecting investment decisions and China's economic leadership in Asia, this paper investigates the predictive role of exposure to Chinese economic policy uncertainty at the individual stock level in large Asian markets....