Does Governance Matter for Family Firm Performance During the Global Financial Crisis

Husam Aldamen, Keith Duncan, Simone Kelly, Raymond McNamara

Research output: Contribution to conferencePresentationResearchpeer-review

Abstract

This paper investigates 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
Publication statusPublished - Jul 2019
EventAFAANZ 2019 Conference - QUT, Brisbane, Australia
Duration: 7 Jul 20199 Jul 2019
https://www.afaanz.org/past-conferences
http://www.afaanzconference.com/program

Conference

ConferenceAFAANZ 2019 Conference
CountryAustralia
CityBrisbane
Period7/07/199/07/19
Internet address

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    Aldamen, H., Duncan, K., Kelly, S., & McNamara, R. (2019). Does Governance Matter for Family Firm Performance During the Global Financial Crisis. AFAANZ 2019 Conference, Brisbane, Australia.