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This paper focuses on the effect of managerial ownership on cash holdings in a sample of private family firms. Our results suggest that managerial ownership has a significant impact on cash holdings. Cash holdings are largest in the firms with no managerial ownership and lowest in the firms in...
Persistent link: https://www.econbiz.de/10013119884
This study investigates the impact that ownership structure and board composition have on performance in a sample of … Finnish SMEs. Our study is one of few that shed light on how corporate governance and ownership structures affect performance … performance of small firms. The only significant result in this context is that firms with outside board members have lower growth …
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desired by its shareholders. In this paper, we investigate to what extent CEO ownership and governance (e.g. composition of … detriment of other shareholders, the non financial costs being the possible reputation damage and loss of socioemotional wealth … conflict between the CEO (agent and possibly principal) and (other) shareholders (principals) in determining family firms' tax …
Persistent link: https://www.econbiz.de/10013119879
This study investigates the role that board structure has on the demand for audit quality in connection with family ownership in a sample of private firms. In addition to this, we also shed light on whether ownership structure and board structure are substitute mechanisms in resolving agency...
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