Inside the Family Firm: The Role of Families in Succession Decisions and Performance

By Morten Bennedsen, K. Nielsen, Francisco Pérez-González, Daniel Wolfenzon. 2007

1,408 citations recorded by the source corpus.

Subfields: Accounting, Organizational Behavior and Human Resource Management

View Paper: https://www.semanticscholar.org/paper/3543eeb3aa89d047b81ef9cdf16ae7dff42d13ef

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Citations in the corpus

Complex Ownership Structures and Corporate Valuations (2007, neutral): “…firms under-perform after ownership is handed over to the second generation of the family – the so-called succession problem (see, for example, Bennedsen et al. 2006; and Pérez-González, 2006), but there is mixed evidence on the performance of family-owned firms in general (see, for…”
Family Firm Governance, Strategic Conformity, and Performance: Institutional vs. Strategic Perspectives (2013, background): “For example, Berrone et al. (2010) have shown family firms to conform unusually assiduously to environmental regulations in order to preserve their reputation in the community.”
Stewardship or Agency? A Social Embeddedness Reconciliation of Conduct and Performance in Public Family Businesses (2011, background): “a second-plus generation family chairman (Bennedsen et al., 2007; Pérez-González, 2006).”
Impact of founder experience on exit intentions (2012, background): “In addition, the extant research has primarily examined a single exit strategy such as family succession (e.g., Bennedsen et al. 2007 ) or initial public offering (IPO) (e.g., Fischer and Pollock 2004).”
Does Family Control Matter? International Evidence from the 2008-2009 Financial Crisis (2013, neutral): “Our results during the unexpected “event” of the financial crisis are consistent with a number of other papers whose analyses indicate that families’ interests are not always aligned with those of minority shareholders (see, e.g., La Porta, Lopez de Silanes, and Shleifer 1999; Claessens et al. 2002;”
Shock-Based Causal Inference in Corporate Finance and Accounting Research (2015, methodology): “Of the eight shock-based IV papers, only Bennedsen et al. (2007) and Iliev (2010) have instruments that appear clean to us.”
Recent Developments in Intergenerational Mobility (2010, background): “See PérezGonzález (2006) for evidence from the United States, and Bennedsen et al. (2007) for Danish evidence.”