Several articles analyze the life cycle of firms and identify throughout time that their performance has an inverted U shape. Firms achieve an optimal level and, thereafter, decline due to lack of flexibility and difficulties ...

This paper examines the performance of 157 of the 400 largest nonfinancial firms in Brazil in 2018. The metric used is the creation of value for their shareholders, represented by the difference between return on assets ...

Purpose - The purpose of this paper is to introduce an earnings management dimension to compute pre-manipulated accounting performance (free of discretionary accruals) to determine whether family-controlled firms perform ...

Competitive Strategy literature predicts three different mechanisms of performance generation, thus distinguishing between firms that have competitive advantage, firms that have competitive disadvantage or firms that have ...

We analyze the effect of pyramidal ownership levels on the performance of Chilean firms by considering the impact of business groups. Using an unbalanced panel of 1018 firm-year observations from 88 quoted firms for the ...

In this paper we analyse the moderating effects of family nature and pyramidal ownership on the relationship between corporate diversification and performance in Chilean companies. Using a sample of 104 companies listed ...

The present research investigated if traded family firms, from the period of 2005 to 2012, have creating value, operating performance, leverage and administrative costs differentiated in comparison to non-family firms. ...