Which variables of governance can affect the risk of default of family businesses A cross country comparison between United Kingdom and Italy is popular PDF and ePub book, written by Olga Maria Stefania Cucaro in 2017-08-17, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Which variables of governance can affect the risk of default of family businesses A cross country comparison between United Kingdom and Italy can be Read Online from any device for your convenience.
Which variables of governance can affect the risk of default of family businesses A cross country comparison between United Kingdom and Italy Book PDF Summary
This study examines the association between some governance variables and the risk of default of family and non-family firms. The paper also discusses the nature of family control and the differences to non-family control and their link to firm’s performance. The most relevant indicators utilised by the authors for identifies the probability of default are based on quantitative indicators, but the presence of independent directors or the managements turnover (in particular the change of CEO) are more important for the future life of the firms, especially in the crisis periods. These governance variables are more relevant for the firms that are controlled by founder’s family and in case of succession transition, that is one critical period for the firm. In this study we try to confirm the agency problems in family businesses highlighted by the literature as the relationship between Z-score and the presence of independent directors, the turnover of the directors and the change of CEO. Especially if the latter is also Chairman. We reaffirm in this analysis the necessary distinction between the capital and the company management.
Detail Book of Which variables of governance can affect the risk of default of family businesses A cross country comparison between United Kingdom and Italy PDF
- Author : Olga Maria Stefania Cucaro
- Release : 17 August 2017
- Publisher : Olga Maria stefania Cucaro
- ISBN : 9788822812810
- Genre : Business & Economics
- Total Page : 30 pages
- Language : English
- PDF File Size : 14,5 Mb
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