Research Question/Issue: We assess how ownership concentration influences the sensitivities of expansion investments and maintenance investments to changes in a firm's cash flow. We find the causal effect by exploiting the ...

We analyze the direct and simultaneous effects of internationalization on the ownership structure of Latin American companies based on agency theory. Using a sample of 425 Latin American firms between 2007 and 2011, which ...

This paper analyzes whether family enterprises perform better than non-family enterprises, as found in previous studies on Chilean companies, based on the ownership structure of the business, which is an important factor ...

This paper analyzes whether family enterprises perform better than non-family enterprises, as found in previous studies on Chilean companies, based on the ownership structure of the business, which is an important factor ...

This paper analyses the effect of family ownership on performance in an emerging economy. Two dimensions represent family ownership: ownership concentration and characteristics of family control (i.e. family involvement ...

Created more than 60 years ago, broadcast television now reaches most of brazilian households. Over the decades, however, media broadcasting has been consolidated with the predominance of commercial channels and the ...

What determines the composition of companies' boards in the context of high ownership concentration? Are independent directors important as an internal governance mechanism in companies with high ownership concentration? ...