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dc.contributor.authorPoutziouris, Panikkos Zata-
dc.contributor.authorSavva, Christos S.-
dc.contributor.authorHadjielias, Elias-
dc.contributor.otherΣάββα, Χρίστος-
dc.identifier.citationJournal of Family Business Strategy Volume 6, Issue 1, 1 March 2015, Pages 14-32en_US
dc.description.abstractThis study examines how family involvement affects the performance of UK companies listed on the London Stock Exchange (LSE). Using a panel dataset from 1998 to 2008, the econometric models evaluate the effect of family involvement in terms of ownership and management on firm performance (measured with accounting ratios and Tobin's Q) while controlling for a number of conditions external to the firm as well as business characteristics. Our findings illustrate a non-linear relationship between family ownership and firm performance, with performance increasing until family shareholding reaches thirty-one percent, at which point performance begins to decrease. Moreover, the findings illustrate that the higher the involvement of the family in terms of management (i.e., through a family CEO) and governance (board representation and/or CEO-Chairman dual role), the higher the performance the firm appears to sustain over the long run and across generations.en_US
dc.publisherElsevier Ltden_US
dc.rights© 2015 Elsevier Ltd.en_US
dc.subjectCEO dualityen_US
dc.subjectFamily firmsen_US
dc.titleFamily involvement and firm performance: Evidence from UK listed firmsen_US
dc.collaborationCyprus University of Technologyen_US
dc.collaborationUniversity of Central Lancashire (Cyprus)en_US
dc.subject.categoryEconomics and Businessen_US
dc.journalsSubscription Journalen_US
dc.subject.fieldSocial Sciencesen_US
dc.publicationPeer Revieweden_US
item.fulltextNo Fulltext- of Commerce, Finance and Shipping- of Management and Economics-
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