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
收藏
页数：15
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