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

Fingerprint

Market performance
Corporate governance
Global financial crisis
Accounting performance
Firm performance
Governance
Family firms
Value relevance
Earnings changes
Book value
Monitoring
Financial shocks

Cite this

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.
Aldamen, Husam ; Duncan, Keith ; Kelly, Simone ; McNamara, Raymond. / Does Governance Matter for Family Firm Performance During the Global Financial Crisis. AFAANZ 2019 Conference, Brisbane, Australia.
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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, 7/07/19 - 9/07/19, .

Does Governance Matter for Family Firm Performance During the Global Financial Crisis. / Aldamen, Husam; Duncan, Keith; Kelly, Simone; McNamara, Raymond.

2019. AFAANZ 2019 Conference, Brisbane, Australia.

Research output: Contribution to conferencePresentationResearchpeer-review

TY - CONF

T1 - Does Governance Matter for Family Firm Performance During the Global Financial Crisis

AU - Aldamen, Husam

AU - Duncan, Keith

AU - Kelly, Simone

AU - McNamara, Raymond

PY - 2019/7

Y1 - 2019/7

N2 - 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.

AB - 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.

M3 - Presentation

ER -

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