A Study of Family Business Governance Efficiency: Based on the Institutional Environment
- 10.2991/aebmr.k.201211.089How to use a DOI?
- Executive shareholding, CEO-Chair duality, executive compensation, institutional environment, firm performance
Family Enterprises are commonly existing worldwide, no matter where the country or the region is. Furthermore, the family’s efficiency has substantial implications on society, so it is a vital branch of business management research. However, existing studies have produced frequently inconsistent results. Thus, our study investigated 440 sample companies from the perspective of executives. The findings show a curvilinear (inverted U) relationship between Executive Shareholding and Firm Performance. There is a close connection between CEO-Chair Duality and firm performance. Further, the research suggests that the higher Executive Compensation, the higher performance. Additionally, the study examines how Institutional Environment moderates the influence of executive on the Return on Equity (ROE) of family firms in China. There is some evidence to suggest the executive of family firms that are expected to substantially make a meaningful impact on the development of the company and society.
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Rong Xiang AU - Mengqi Wang PY - 2020 DA - 2020/12/14 TI - A Study of Family Business Governance Efficiency: Based on the Institutional Environment BT - Proceedings of the Fifth International Conference on Economic and Business Management (FEBM 2020) PB - Atlantis Press SP - 527 EP - 531 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.201211.089 DO - 10.2991/aebmr.k.201211.089 ID - Xiang2020 ER -