Founding Family Controlled Firms: Performance, Risk, and Value

By Daniel L. Mcconaughy, C. Matthews, A. Fialko. 2001

590 citations recorded by the source corpus.

Subfields: Accounting, Organizational Behavior and Human Resource Management

View Paper: https://www.semanticscholar.org/paper/813108b1a2462b202315bf580b1557127d384402

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Citations in the corpus

Family business and financial performance: Current state of knowledge and future research challenges (2011, methodology): “We should also pay attention to the application of the matchedpairs methodology (Allouche et al., 2008; McConaughy et al., 2001; Miller et al., 2007).”
The relationship between innovation, knowledge, and performance in family and non-family firms: an analysis of SMEs (2013, background): “Evidence of family business performance as opposed to non-family has generally concluded that family firms possess innovative capabilities and thus competitive advantage (Andres 2008; McConaugby et al. 2001).”
Family and non-family business resilience in an economic downturn (2012, background): “Scholars also have identified several additional agency costs (Barclay and Holderness 1989, Kets de Vries 1993, Schulze et al. 2001, 2003, McConaughy et al. 2001, Burkart et al. 2003, Morck 2003, Morck and Yeung 2003, Chrisman et al. 2005).”
Family Involvement in Ownership and Management: Exploring Nonlinear Effects on Performance (2008, background): “McConaughy, Matthews, and Fialko (2001), on the basis of data drawn from 219 firms, argue that firms managed by the founding family have greater value, are operated more efficiently, and carry less debt than other firms.”
Financing Decisions in Family Businesses: A Review and Suggestions for Developing the Field (2017, background): “…aversion to risk Demand FB/NFB Portugal Maula, Autio, and Arenius (2005) Equity NA Supply FB/NFB Finland Mazzola and Marchisio (2002) Equity NA NA FB/NFB Italy McConaughy (1999) Multiple NA NA Both NA McConaughy, Matthews, and Fialko (2001) Debt Aversion to risk Demand FB/NFB USA Michiels et al.”
Ability and Willingness as Sufficiency Conditions for Family‐Oriented Particularistic Behavior: Implications for Theory and Empirical Studies (2014, background): “…ability as discretion in terms of the family’s ownership control (Carney and Gedajlovic 2002; Dyer and Whetten 2006; Gómez-Mejía et al. 2007; McConaughy et al. 2001; Mishra, Randøy, and Jenssen 2001; Randoy and Goel 2003; Westhead, Cowling, and Howorth 2001; Zahra, 2005); existence of…”
Corporate governance, financial management decisions and firm performance: Evidence from the maritime industry (2014, background): “Moreover, the family incentive alignment hypothesis argues that family relationships among owners and managers create advantages (Fama and Jensen, 1983) and family controlled firms may operate more efficiently than others (McConaughy et al., 2001).”
Family-firm risk-taking: Does religion matter? (2015, unknown): “Therefore, for example, family-firms are less likely to innovate given the uncertain payoff (Morck, Strangeland, and Yeung (2000)), and they usually take on less debt to prevent default (McConaughy, Matthews, and Fialko (2001)).”