Does family control reduce firm risk?

Authors

  • Jose Luis Miralles-Marcelo Facultad de Ciencias Económicas y Empresariales. Universidad de Extremadura (Spain) Spain
  • María del Mar Miralles-Quirós Facultad de Ciencias Económicas y Empresariales. Universidad de Extremadura (Spain) Spain
  • Ines Lisboa School of Technology and Management, Management for Sustainability Research Centre, Polytechnic Institute of Leiria (Portugal). Portugal

DOI:

https://doi.org/10.24310/ejfbejfb.v5i1.5063

Keywords:

Family Firm Family control F-PEC scale Firm Risk

Abstract

In the current context of instability and financial crisis, understanding firm risk is crucial. In this study we aim to assess firm risk differences between family and non-family firms. Furthermore we analyze the family control impact, measured by both the family ownership and the F-PEC scale, in firm risk. We provide new evidence from family firm studies since we not only analyze the risk topic, almost unexplored, but we also introduce the F-PEC scale, an alternative way to measure the family influence. Using Portuguese quoted firms during the 1999- 2012 period, we find that family influence and control do not impact firm risk. Moreover, the firm size, return and growth opportunities influence it. 

Downloads

Metrics

PDF views
266
Jul 2015Jan 2016Jul 2016Jan 2017Jul 2017Jan 2018Jul 2018Jan 2019Jul 2019Jan 2020Jul 2020Jan 2021Jul 2021Jan 2022Jul 2022Jan 2023Jul 2023Jan 2024Jul 2024Jan 2025Jul 2025Jan 202615
|

Publication Facts

Metric
This article
Other articles
Peer reviewers 
0
2.4

Reviewer profiles  N/A

Author statements

Author statements
This article
Other articles
Data availability 
N/A
16%
External funding 
N/A
32%
Competing interests 
N/A
11%
Metric
This journal
Other journals
Articles accepted 
52%
33%
Days to publication 
1102
145

Indexed in

Editor & editorial board
profiles
Academic society 
N/A
Publisher 
Uma Editorial, University of Malaga (Spain)

PFL

1 2 3 4 5
Not useful Very useful

Downloads

Published

2015-06-30

How to Cite

Miralles-Marcelo, J. L., Miralles-Quirós, M. del M., & Lisboa, I. (2015). Does family control reduce firm risk?. European Journal of Family Business, 5(1). https://doi.org/10.24310/ejfbejfb.v5i1.5063

Issue

Section

Research article

Similar Articles

You may also start an advanced similarity search for this article.