A Study of Family Business Governance Efficiency: Based on the Institutional Environment

DOI

10.2991/aebmr.k.201211.089How to use a DOI?

Keywords

Executive shareholding, CEO-Chair duality, executive compensation, institutional environment, firm performance

Abstract

Family Enterprises are commonly existing worldwide, no matter where the country or the region is. Furthermore, the family’s efficiency has substantial implications on society, so it is a vital branch of business management research. However, existing studies have produced frequently inconsistent results. Thus, our study investigated 440 sample companies from the perspective of executives. The findings show a curvilinear (inverted U) relationship between Executive Shareholding and Firm Performance. There is a close connection between CEO-Chair Duality and firm performance. Further, the research suggests that the higher Executive Compensation, the higher performance. Additionally, the study examines how Institutional Environment moderates the influence of executive on the Return on Equity (ROE) of family firms in China. There is some evidence to suggest the executive of family firms that are expected to substantially make a meaningful impact on the development of the company and society.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Rong Xiang
AU  - Mengqi Wang
PY  - 2020
DA  - 2020/12/14
TI  - A Study of Family Business Governance Efficiency: Based on the Institutional Environment
BT  - Proceedings of the Fifth International Conference on Economic and Business Management (FEBM 2020)
PB  - Atlantis Press
SP  - 527
EP  - 531
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201211.089
DO  - 10.2991/aebmr.k.201211.089
ID  - Xiang2020
ER  -