Family control and the implied cost of equity: Evidence before and after the Asian financial crisis

By Narjess Boubakri, Omrane Guedhami, Dev R. Mishra. 2010

133 citations recorded by the source corpus.

Subfields: Accounting, Organizational Behavior and Human Resource Management

View Paper: https://www.semanticscholar.org/paper/634eb123b9eb9dd8f8dfd3e0d9086e1781bfc400

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In Accounting

1. A. Michiels
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Citations in the corpus

• Principal-principal conflicts during crisis (2011, unknown): “When minority shareholders feel that their interests are not being protected, they may lose confidence in the firm, sell the stock, or refuse to invest (Boubakri et al., 2010; Young et al., 2008).”
• The governance role of multiple large shareholders: evidence from the valuation of cash holdings (2011, unknown): “…control can be associated with positive agency properties stemming from a family’s large shareholding (Jensen 1986), longterm investment horizon (Boubakri et al. 2010; Burkart et al. 2003), cohesive management, length of tenure and depth of business expertise (Miller and Le Breton-Miller…”
• The dark side of CEO ability: CEO general managerial skills and cost of equity capital☆ (2014, unknown): “estimation techniques followed in i) the recent implied cost of equity literature (see, e.g., Hail and Leuz, 2006; Dhaliwal et. al., 2006; Boubakri et al., 2010; El Ghoul et al., 2011); ii) traditional”
• Financing Decisions in Family Businesses: A Review and Suggestions for Developing the Field (2017, background): “Apart from a number of articles in this direction, more efforts are needed to significantly broaden our knowledge on how financial crises affect family firm financing decisions (Amann & Jaussaud, 2012; Boubakri et al., 2010; Pindado et al., 2012).”
• The Global Financial Crisis, Family Control, and Dividend Policy: The Global Financial Crisis, Family Control, and Dividend Policy (2016, unknown): “On the other hand, prior empirical evidence (e.g., Claessens, Djankov, Fan, and Lang, 2002; Fan and Wong, 2002; Barth, Gulbrandsen, and Schone, 2005; Attig, Fong, Lang, and Gadhoum, 2006; Boubakri et al., 2010) shows that family firms tend to be associated with more agency problems than nonfamily fi”
• Political connections and the cost of equity capital (2012, unknown): “” 13 We follow prior research (e.g., Attig et al., 2008; Boubakri et al., 2010) and estimate the cost of equity in a common currency to ensure that it is comparable across the sample firms.”
• Does corporate social responsibility affect the cost of capital (2011, unknown): “, 2009, forthcoming), and ownership structure (Boubakri et al., 2010), and has also been used in event studies that examine cross-listings (Hail and Leuz, 2009) and earnings restatements (Hribar and Jenkins, 2004). research. Fama and French (1997) show that both the standard single-factor model and ”