Not logged in.
Quick Search - Contribution
Contribution Details
| Type | Master's Thesis |
| Scope | Discipline-based scholarship |
| Title | Family Control in Publicly Traded Companies - An Investigation on Stock Market Performance in Industry Shock Phases |
| Organization Unit | |
| Authors |
|
| Supervisors |
|
| Language |
|
| Institution | University of Zurich |
| Faculty | Faculty of Economics, Business Administration and Information Technology |
| Number of Pages | 58 |
| Date | 2015 |
| Abstract Text | Based on a sample of 314 publicly listed Swiss and German companies from 1995 through 2014, it is investigated whether buy-and-hold stock returns of family firms differ systematically compared to both non-family blockholder companies and widely held corporations during and after industry shocks. Cross-sectional regression analyses reveal that family firms show significantly higher stock returns than widely held companies during industry shock phases while there is no systematic difference compared to non-family blockholder firms. However, family firms outperform their non-family blockholder and widely held counterparts over a post-shock period of 12, 24, and 36 months. |
| Export |
BibTeX
|