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.
|Publication status||Published - Jul 2019|
|Event||AFAANZ 2019 Conference - QUT, Brisbane, Australia|
Duration: 7 Jul 2019 → 9 Jul 2019
|Conference||AFAANZ 2019 Conference|
|Period||7/07/19 → 9/07/19|