does not translate into a higher firm value necessarily. The use of derivatives for hedging purposes and an adequate …

innovativ macht, andererseits soll die mangelnde Trennung von Eigentum und Kontrolle sowie unzureichende Diversifikation zu … Innovationsverhalten. Die Ergebnisse deuten darauf hin, dass inhabergeführte Unternehmen aufgrund von Risikoaversion wenig innovativ sind …

hedging decisions. We find that family involvement in CEO positions positively affects the likelihood of hedging. The effect … positively affect propensity for hedging. Corporate governance attributes proxying agency issues, on the other hand, seem less … important. While hedging family firms have lower cash flow variability, they are worth the same as non-hedging family firms …

hedging decisions. We find that family involvement in CEO positions positively affects the likelihood of hedging. The effect … positively affect propensity for hedging. Corporate governance attributes proxying agency issues, on the other hand, seem less … important. While hedging family firms have lower cash flow variability, they are worth the same as non-hedging family firms …