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 …

This article examines managers' incentive to play it safe. We find that, after managers are insulated by the adoption …. To illustrate one such action, we show that managers undertake diversifying acquisitions that target firms likely to … reduce risk, have negative announcement returns, and are concentrated among firms with managers who gain the most from …

We study 288 family firms included in the NSE CNX 500 index of the National Stock Exchange of India. We find an … entrenchment-alignment-entrenchment relationship between family ownership and firm value. We show that family CEO has a negative … moderating effect on the relationship between family ownership and firm value. When the interaction effect of Family CEO on …

family and managerial ownership on real earnings management of selected non-financial listed companies at the Colombo Stock … rules and regulation. The study found that family and managerial ownership play a prominent role and negatively related to …