...Kinshuk Saurabh Purpose The purpose of the study is to examine how operating efficiencies from incentive alignment compensate for rent extraction in family firms. The author asks whether ownership (1) improves operating efficiencies to increase firm value, (2) positively affects related-party...

... that family firms (henceforth FFs) exhibit. One strand of such literature focusses on the role that the top executives and their characteristics play in shaping organizational outcomes (Carpenter et al., 2004 ; Loane et al., 2007 ; Garcia-Blandon et al., 2019 ; Saidu, 2019...

... on the Toronto Stock Exchange (TSX) between 1999 and 2007 and apply multivariate regression with firm value as a dependent variable. The paper measures firm value as Tobin's Q and ROA based either on net income or EBITDA. The independent variables include family firm dummy and ownership percentage. Findings...

.../methodology/approach This empirical study uses survey data and publicly available data for descriptive analysis and ordinary least squares/ordered regression analysis. Findings The authors find that two thirds of medium‐sized manufacturing firms are founder family firms in which the founder of the firm...

... are complementary government mechanisms. This paper, however, finds little evidence that board independence moderates the relationship between family control and debt. Research limitations/implications While not all family firms are the same, this research treats them as a homogeneous grouping (i.e. firms...