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Author: | Randoy, T. Dibrell, C. Craig, J.B. |
Title: | Founding family leadership and industry profitability |
Journal: | Small business economics
2009 : APR, VOL. 32:4, p. 397-407 |
Index terms: | corporate governance leadership family firms industries competition profitability Scandinavia Nordic countries Sweden |
Language: | eng |
Abstract: | It is argued that firms in high-margin industries can benefit from founding family (herein as: f-f.) influence. Particularly, in more profitable markets, the influence of the f-f. provides an additional corporate governance-monitoring function. The study's sample includes over 290 firm-year observations from 98 publicly traded companies headquartered in Sweden. This represents about half of all non-financial traded firms. It is supported that the effect of family leadership in publicly held firms should be evaluated in relation to the industry competition intensity. |
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