Corporate governance and family firm performance during the Global Financial Crisis

Husam Aldamen, Keith Duncan, Simone Kelly, Raymond McNamara

Research output: Contribution to journalArticleResearchpeer-review

Abstract

We 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.
Original languageEnglish
Pages (from-to)1673-1701
Number of pages29
JournalAccounting and Finance
Volume60
Issue number2
Early online date10 Jul 2019
DOIs
Publication statusPublished - 1 Jun 2020

Fingerprint Dive into the research topics of 'Corporate governance and family firm performance during the Global Financial Crisis'. Together they form a unique fingerprint.

  • Cite this