haku: @indexterm small and medium-sized enterprises (SMEs) / yhteensä: 396
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Tekijä:Hansson, M.
Liljeblom, E.
Martikainen, M.
Otsikko:Corporate governance an profitability in family SMEs
Lehti:European Journal of Finance
2011 : MAY-JUL, VOL 17:5-6 p. 391-408
Asiasana:family firms
small and medium-sized enterprises (SMEs)
board of directors
directors
corporate governance
management
Kieli:eng
Tiivistelmä:In this study the determinants of performance in small unlisted family firms are analyzed. The finding is that, in line with previous studies, there is a positive effect associated with a family CEO. The family chief executive officers (CEOs) tend to employ family memebrs significantly, which - given the negative of these - should offset some of the positive performance effects of a family CEO. The effect of board size in these already small family boards is also analyzed; the maximum number of members in these boards is six. It is found that even here, board size is clearly negatively associated with firm performance.
SCIMA tietueen numero: 272799
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