Performance of Swedish listed family-firms
Independent thesis Advanced level (professional degree), 20 credits / 30 HE creditsStudent thesis
This thesis investigates the performance of Swedish listed family-controlled firms using re-turn on assets (ROA) and Tobin’s Q as performance measures. Results show that found-ing-family firms perform 6.1 % better than other firms for ROA. Firm-specific knowledge of the founder-CEO is the main cause of the enhanced performance. The results are not robust to residual testing which suggests caution when drawing conclusions from these re-sults. The main contribution of this thesis is an empirical analysis of family insider repre-sentation and the relation to ROA and Tobin’s Q in a sample consisting entirely of Swedish firms.
Place, publisher, year, edition, pages
2014. , 28 p.
Family-controlled, ROA, Return on assets, Tobin's Q, founding-family, CEO, Swedish, listed, performance, firm-specific knowledge
IdentifiersURN: urn:nbn:se:hj:diva-23954OAI: oai:DiVA.org:hj-23954DiVA: diva2:720832
Subject / course
2014-05-21, B4051, Gjuterigatan 553 18, Jönköping, 13:10 (English)
Manduchi, Agostino, Lektor