Business, Management and Accounting
4 years ago

Different shareholders' combinations in family firms have no significant impact on performance.

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LARGE SHAREHOLDERS’ COMBINATIONS IN FAMILY FIRMS. PREVALENCE AND PERFORMANCE EFFECTS
Sacristán-Navarro, Maria Fragaki, Rey Juan Carlos

Paper Summary

Family-owned firms in Spain have different combinations of shareholders, with the most common being families and individuals as the largest and second-largest shareholders. Other combinations include families and individuals with banks or non-financial firms. However, the study found that these shareholder combinations do not significantly impact the performance of family firms.

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