Performance of family-controlled listed companies: The need for a symbiosis between entrepreneurship and governance
Haspeslagh, Philippe
Haspeslagh, Philippe
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Publication Type
Book Chapter
Editor
Supervisor
Publication Year
2019
Journal
Book
Governance: The art of aligning interests. Liber Amicorum Lutgart Van den Berghe
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Publication Issue
Publication Begin page
185
Publication End page
196
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Abstract
In this paper we argue that the outperformance of family listed firms is not a result of the ownership difference per se, but the combination between the characteristics of such ownership, entrepreneurial drive and multi-generational time horizon amongst others, on the one hand and the fiduciary quality of the company's governance context, both at the country level and ultimately at the company level on the other hand.
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Keywords
Family Listed Firms