Ownership structure and firm performance in spanish non-listed firms.

• Autores: Blanca Arosa de la Torre, Txomin Iturralde, Amaia Maseda García
• Localización: Creativity and survival of the firm under uncertainty / coord. por Attilio Celant, Txomin Iturralde, 2009, ISBN 978-84-692-5174-4
• Idioma: inglés
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• Dialnet Métricas: 1 Cita
• Resumen

  • Despite the prevalence of family firms throughout the world, the evidence on the effect of family ownership on corporate performance is still scarce. There are, however, some previous studies that provide empirical evidence on this issue, but their results are uncertain as to whether family control is positive or negative to minority shareholders. Nevertheless, most of these studies take into account listed firms, so our aim is to study if nonlisted firms act in the same way, differentiating the behaviour of family and non-family firms. Our sample is Spanish non-listed family firms and we have used SABI (Iberian Balance Sheet Analysis System) database and a survey to get the information we needed.