Portada

CORPORATE GOVERNANCE AND FIRM VALUE IN ITALY IBD

SPRINGER
01 / 2022
9783030562410
Inglés

Sinopsis

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 todayâÇÖs 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. á 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 directorsâÇÖ 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 firmsâÇÖ performance.

PVP
134,56