Family cumulative knowledge and firm’s financial performance: An empirical investigation of the wine companies’ governance
作者: Bruno MarsigaliaRenato GiovanniniEmanuela Palumbo
刊名: Corporate Governance and Sustainability Review, 2019, Vol.3 (1)
来源数据库: Virtus Interpress Publishing House
DOI: 10.22495/cgsrv3i1p1
关键词: Firm AgeFirm ValuePrivately-Held Firms ManagementCorporate GovernanceWine Business
原始语种摘要: Family business is one of the most common governance systems worldwide and it is very successful in industries with strong cultural traditions, as the wine business. The literature still disagrees on whether the familiar corporate structure increases performance or not. Our empirical paper aims to investigate the effect of a long-term company culture in terms of economic performance and firm value. Is it possible to track the cumulative knowledge (passed from father to son) into firm economic returns? Using a qualitative and a quantitative research approach, the survey tests the hypothesis that the more experienced companies (higher firm age) will perform better than the others considering a set of performance indicators on a four years pattern (from firm value to EVA and VAIC). Comparing...
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  • 指示器 聚集的
  • governance 统治方式
  • empirical 经验的
  • cumulative 累积的
  • ownership 所有权
  • performance 性能
  • financial 财政的
  • corporate 法人的
  • aggregative 聚集的
  • indicators 聚集的
  • propensity 晶癖