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Seminal theories of the firm posit that firm ownership is allocated to minimize contractual inefficiencies. Yet, it … remains unclear how much the optimal ownership choice affects firm performance in practice. This paper provides a first … quantification of the gains from optimal ownership within multinational firms, by exploiting a major liberalization of China's policy …
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Prior empirical research finds positive, negative and neutral relationships between family involvement in business and firm performance. We argue that some of the challenges that have plagued empirical research in this field are related to the measurement of family involvement in business....
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The paper examines the effect of separation between ownership and control on firm performance through testing whether …
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, ownership and political connectedness on firm financial performance. Whether these factors impact listed real estate firms …, ownership, local government political connectedness, accounting data and ultimate control. Two-way interactions are estimated … between real estate and ownership, governance, political connectedness and other variables. Three-way interactions are …
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