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Universidad EAFIT
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EAFITEscuelasEscuela de Finanzas, Economía y GobiernoEscuela de Finanzas, Economía y Gobierno / NoticiasFamily firms and financial performance literature. A meta-regression analysis

Eventos / 25/07/2018

Family firms and financial performance literature. A meta-regression analysis

 

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EXPOSITOR

Rodrigo Taborda Ríos, Ph.D

Profesor 

Facultad de Administración
Universidad de los Andes


Fecha: miércoles 25 de julio de 2018
Hora: 5:00 p.m. - 6:00 p.m.
Lugar: Bloque 27, aula 401, Universidad EAFIT
Idioma de la presentación: español
Entrada libre


​Abstract

We perform a meta-analysis regression to contribute to the discussion of wether family firms exhibit better financial performance than non-family firms. Our approach allows to examine simultaneously effect size and publication bias in this literature and incorporate the three main factors raised in narrative literature reviews: financial performance measure, family firm definition, and methods used. In all we show evidence of a positive relationship between family
involvement and financial performance. When ROA-EBITDA is used as performance variable, there are differential effects due to family firm definition and methods used. In general, our results support the positive association of family firms and financial performance, and highlight the fact that studies that use Tobin’s Q are less responsive to bias when several document and data characteristics are examined.


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Mayores informes

Maestría en Ciencias en Finanzas

Última modificación: 13/07/2018 12:24

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