Using a hand-collected sample of Italian family and non-family-controlled firms, we investigate the moderating effect … of family ownership on the relation between earnings management and CEO turnover. Consistent with agency theory, we find … being primarily driven by non-family-controlled firms. In family-controlled firms, we find that the positive relation is …

factors: family ownership and source of the competitive pressure. A novel aspect of our paper is that we rely on two … predictions, sensitivity is higher in competitive sectors and the difference between family and non-family CEOs disappear when … competition is tough. Family CEOs are significantly less paid than non-family CEOs and their pay is significantly related to firm …

The aim of this paper is to examine how family businesses and non-family businesses pay their CEOs differently and the … relationships among family firms, executive pay and corporate governance mechanisms. The empirical results show that compare with … non-family businesses, family businesses tend to grant more fixed compensation and less performance-based pay to their …

owners and managers, between family shareholders, and with the family at large. Key agreements include training and …This research examines the effectiveness of Family Constitution or Family Protocol agreements in mitigating each type … of agency conflict in family firms. We performed a qualitative analysis, through a case study, and found that the …

We study the effects of family control on CEO pay from the perspective of behavioral agency model (BAM), with … particular focus on family firm's generational stage and CEO family ties. Using a panel of Australian listed firms, we find that … family firms present lower total and variable CEO pay, showing also less pay disparity between the CEO and other top …

management and are instrumental in mitigating the agency conflict between managers and shareholders. My expansive, hand …