...-family firms. Design/methodology/approach The two-step system generalized method of moment (SysGMM) on panel data is used to examine the impact of the COVID-19 crisis on the SOA towards target leverage for family and non-family firms. The analysis was based on a sample of 419 Malaysian firms...

...Sonia Sánchez-Andújar; Purificación Parrado-Martínez; María Comino-Jurado Purpose Considering the important development that research on debt financing decisions of family firms (FFs) has undergone in recent years, we aim to assess the current state of the literature with the latest advances...

...Pedram Fardnia; Maher Kooli; Sonal Kumar Purpose The purpose of the study is to examine the zero-leverage (ZL) phenomenon in family and non-family firms. Design/methodology/approach The authors consider three hypotheses and empirically test them using a sample of the largest US firms over...

...Shane Anthony Van Dalsem Purpose The purpose of this paper is to investigate whether family firms (FFs) differ from non-family firms (NFFs) in their propensity and likelihood of repurchasing shares. It focuses on the effects of voting control and managerial control of family members and economic...

... process, thereby reducing unwanted costs which enhance the firms’ profitability. The close surveillance by family members helps in mitigating revenue leakages (Balasubramanian and Anand, 2013). Therefore, alignment theory envisages less likelihood of manipulation in family firms compared to widely held...

... a sample of Portuguese family and non-family firms (NFF) for the period between 1999 and 2010. Findings – Overall, the results show that family firms (FF) are older, are more indebted and have higher debt costs than NFF. However, they present lower levels of risk. The evidence suggests that FF...

... is also observed in family controlled firms, and it is even stronger in the managers of family controlled firms. Third, outside owners in non‐family firms increase their holdings when a new investment project is undertaken, whereas the reaction of family controlled firms is the opposite. The expected...

... the CG of the listed family firms in Greece; and to place the CG practices of Greek family firms within the international debate, especially in the framework of a small open capital market. In addition, this paper presents an attempt to quantify the compliance of family firms with international best...

... and performance in issuing firms operating in France, where family‐controlled IPOs are a common model of corporate governance. Salim Chahine can be contacted at: salim.chahine@aub.edu.lb © Emerald Group Publishing Limited 2007 Family firms Corporate governance Company performance Shareholders...