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Private Benefits of Control in Founding-Family Owned Firms: An Analysis of the Dynamics of Disproportionate Ownership and Control in Family Firm Ipos
16 references·3 citing·37 second hop
Private Benefits of Control in Founding-Family Owned Firms: An Analysis of the Dynamics of Disproportionate Ownership and Control in Family Firm Ipos (2003)Private Benefits of Control in Founding-F…Inherited Control and Firm Performance (2006)Inherited Control and Firm Pe…The value of corporate voting rights and control: A cross-country analysis (2003)The value of corporate voting…Family Firms (2003)Family FirmsAgency Costs of Controlling Minority Shareholders (2003)Agency Costs of Controlling M…Protection of minority shareholder interests, cross-listings in the United States, and subsequent equity offerings (2002)Protection of minority shareh…Disentangling the Incentive and Entrenchment Effects of Large Shareholdings (2002)Disentangling the Incentive a…Underpricing, ownership and control in initial public offerings of equity securities in the UK (1997)Underpricing, ownership and c…Detecting long-run abnormal stock returns: The empirical power and specification of test statistics (1997)Detecting long-run abnormal s…A Survey of Corporate Governance (1997)A Survey of Corporate Governa…Detecting abnormal operating performance: The empirical power and specification of test statistics (1996)Detecting abnormal operating …Poison or placebo? Evidence on the deterrence and wealth effects of modern antitakeover measures (1995)Poison or placebo? Evidence o…Insider Ownership and the Decision to Go Public (1995)Insider Ownership and the Dec…The Value of the Voting Right: A Study of the Milan Stock Exchange Experience (1994)The Value of the Voting Right…Private benefits from control of public corporations (1989)Private benefits from control…The Structure of Corporate Ownership: Causes and Consequences (1985)The Structure of Corporate Ow…The Modern Corporation and Private Property (1933)The Modern Corporation and Pr…Determinants of control structure choice between entrepreneurs and investors in venture capital-backed startups (2017)Determinants of control struc…Economic Consequences of Private Equity Investments on the German Stock Market (2008)Economic Consequences of Priv…Risk, Return and Value in the Family Firm (2006)Risk, Return and Value in the…The Modern Corporation and Private Property (1933)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Problems and Residual Claims (1983)Separation of Ownership and Control (1983)Common risk factors in the returns on stocks and bonds (1993)Bank governance, regulation and risk taking (2008)Dimensionalizing Cultures: The Hofstede Model in Context (2011)Income Inequality, Equality of Opportunity, and Intergenerational Mobility (2013)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Large Shareholders and Corporate Control (1986)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)How do family ownership, control and management affect firm value? (2005)Strategy Research in Emerging Economies: Challenging the Conventional Wisdom* (2005)Using daily stock returns (1985)The effects of management buyouts on operating performance and value (1989)Size and Book-to-Market Factors in Earnings and Returns (1995)Measuring long-horizon security price performance (1997)An Examination of Long‐Term Abnormal Stock Returns and Operating Performance Following R&D Increases (2004)Dumb money: Mutual fund flows and the cross-section of stock returns (2008)The Cross-Section of Expected Stock Returns (1992)Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Capital markets research in accounting (2001)Introductory Econometrics for Finance (2008)A Survey of Corporate Governance (1997)Corporate Ownership Around the World (1999)Earnings management and investor protection: an international comparison (2003)Law, finance, and economic growth in China (2005)Law and Finance (1998)Culture, openness, and finance (2003)The Changing of the Boards: The Impact on Firm Valuation of Mandated Female Board Representation * (2012)The Nature of the Firm (1937)Investor protection and corporate governance (2000)Corporate Governance and Equity Prices (2003)Board Composition: Balancing Family Influence in S&P 500 Firms (2004)Social Protection and the Formation of Skills: A Reinterpretation of the Welfare State (2001)State-owned Enterprises Around the WORLD as Hybrid Organizations (2014)Dealing with endogeneity bias: The generalized method of moments (GMM) for panel data (2018)
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References

  • 1985The Structure of Corporate Ownership: Causes and Consequences6,243 cited
  • 2002Disentangling the Incentive and Entrenchment Effects of Large Shareholdings3,845 cited
  • 1997Detecting long-run abnormal stock returns: The empirical power and specification of test statistics2,690 cited
  • 1997A Survey of Corporate Governance2,085 cited
  • 1933The Modern Corporation and Private Property1,954 cited
  • 1996Detecting abnormal operating performance: The empirical power and specification of test statistics1,609 cited
  • 1989Private benefits from control of public corporations1,168 cited
  • 2006Inherited Control and Firm Performance1,146 cited
  • 2003Family Firms1,114 cited
  • 2003The value of corporate voting rights and control: A cross-country analysis1,110 cited
  • 1994The Value of the Voting Right: A Study of the Milan Stock Exchange Experience969 cited
  • 1995Insider Ownership and the Decision to Go Public874 cited
  • 2002Protection of minority shareholder interests, cross-listings in the United States, and subsequent equity offerings854 cited
  • 1995Poison or placebo? Evidence on the deterrence and wealth effects of modern antitakeover measures752 cited
  • 2003Agency Costs of Controlling Minority Shareholders

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666 cited
  • 1997Underpricing, ownership and control in initial public offerings of equity securities in the UK606 cited
  • Cited by

    • 2006Risk, Return and Value in the Family Firm28 cited
    • 2008Economic Consequences of Private Equity Investments on the German Stock Market23 cited
    • 2017Determinants of control structure choice between entrepreneurs and investors in venture capital-backed startups20 cited