This book expands on the literature on the characteristics of management boards by especially focusing on family-listed and family-controlled companies, as they are ideal for studying board heterogeneity. It uses specific multidimensional indices and in-depth econometric analysis to introduce new variables, such as international experience, that represent a source of competitive advantage for firms in today¿s globalized world. In addition, by examining the heterogeneity ratio and the representation of independent and family directors, the book demonstrates how family-controlled firms use independent directors to import their heterogeneous expertise. The book makes a threefold contribution: for regulators, it offers suggestions on improving the quality of reporting in family-controlled firms; for researchers, it demonstrates the importance of including directors¿ characteristics apart from the firm-specific factors in their analyses; and for practitioners, it shows that selecting directors with specific characteristics can have a substantial impact on firms¿ performance.
| Autorius: | Bruno Buchetti |
| Serija: | Contributions to Finance and Accounting |
| Leidėjas: | Springer Nature Switzerland |
| Išleidimo metai: | 2021 |
| Knygos puslapių skaičius: | 156 |
| ISBN-10: | 3030562387 |
| ISBN-13: | 9783030562380 |
| Formatas: | Knyga kietu viršeliu |
| Kalba: | Anglų |
| Žanras: | Occupational and industrial psychology |
Parašykite atsiliepimą apie „Corporate Governance and Firm Value in Italy: How Directors and Board Members Matter“
