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AuthorAldamen H.
AuthorDuncan K.
AuthorKelly S.
AuthorMcNamara R.
Available date2020-08-18T08:34:17Z
Publication Date2020-01-01
Publication NameAccounting and Finance
ResourceScopus
CitationAldamen, H., Duncan, K., Kelly, S., & McNamara, R. (2020). Corporate governance and family firm performance during the Global Financial Crisis. Accounting & Finance, 60(2), 1673-1701.
ISSN0810-5391
URIhttp://dx.doi.org/10.1111/acfi.12508
URIhttp://hdl.handle.net/10576/15598
AbstractWe investigate the impact of corporate governance on accounting and market performance relationships of family firms during the Global Financial Crisis (GFC). We expect the monitoring aspects of corporate governance to complement the long-term orientation of family firms, improving the value relevance of accounting and market performance during times of exogenous financial shocks such as the GFC. We find that the family-firm value is more sensitive to book value than earnings changes. We also find better corporate governance, irrespective of whether it is a family firm or non-family firm, is associated with better accounting and market performance during the GFC. - 2019 Accounting and Finance Association of Australia and New Zealand
Languageen
PublisherBlackwell Publishing
SubjectAccounting performance
Corporate governance
Family business
Firm value
Global Financial Crisis
Market performance
TitleCorporate governance and family firm performance during the Global Financial Crisis
TypeArticle
Pagination1673-1701
ESSN1467-629X
dc.accessType Abstract Only


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