|کد مقاله||سال انتشار||مقاله انگلیسی||ترجمه فارسی||تعداد کلمات|
|98156||2017||17 صفحه PDF||سفارش دهید||13899 کلمه|
Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)
Journal : International Review of Economics & Finance, Volume 51, September 2017, Pages 82-98
We use meta-analysis techniques to review the literature on the relation between family ownership concentration and performance for listed corporations in emerging markets. We find underlying positive relations between family ownership and performance that vary over time and across countries. Our tests highlight the importance of institutions in explaining differences across countries. We also find that a significant amount of the differences in relations across studies is influenced by researchersâ choices of regression methods for accounting for endogeneity. Generally, our results are consistent with the view that family ownership concentration can enhance monitoring of managers or better align majority and minority shareholder interests to improve corporate performance in emerging markets.