Family Ownership, Corporate Governance and Risk-Taking

被引：5

作者：

Otero-Gonzalez, Luis ^{[1
]}

Rodriguez-Gil, Luis-Ignacio ^{[1
]}

Vivel-Bua, Milagros ^{[1
]}

Tamayo-Herrera, Aracely ^{[2
]}

机构：

[1] Univ Santiago de Compostela, Dept Financial Econ & Accounting, Santiago De Compostela 15782, Spain

[2] ESPE Armed Forces Univ, Dept Econ Adm & Commercial Sci, Quito 171103, Ecuador

来源：

JOURNAL OF RISK AND FINANCIAL MANAGEMENT | 2022年 / 15卷 / 03期

关键词：

family ownership; risk-taking; corporate governance; MULTIPLE LARGE SHAREHOLDERS; BOARD SIZE; GENDER-DIFFERENCES; FIRM PERFORMANCE; MARKET VALUATION; AGENCY THEORY; CEO POWER; MANAGEMENT; DETERMINANTS; DIVERSITY;

D O I：

10.3390/jrfm15030110

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper analyses the effect of family ownership and the characteristics of the board of directors on the risk assumed by Spanish non-financial companies. The sample consists of 176 Spanish non-financial companies listed on Spanish stock exchanges during the period 2012-2015. The results show that the level of family ownership concentration affects the level of exposure to risk non-linearly and confirms the importance of the characteristics of the board of directors in risk-taking.

引用

页数：15

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