Do Family-Owned Companies Achieve High or Low Performance? Evidence from Jordan

Apply

Do Family-Owned Companies Achieve High or Low Performance? Evidence from Jordan

Journal Title: International Journal of Academic Research in Accounting, Finance and Management Sciences - Year 2018, Vol 8, Issue 1

Abstract

This paper examines the relationship between family ownership and corporate performance. The study uses ROA to measure the level of performance and employs random-effect and panel data regressions to examine the relationship. The sample consists of 495 firm-year observations over the study period 2014-2016. In general, this study introduces new empirical evidence suggesting that managers in family companies are more likely to achieve high performance than those managing non-family companies. The results of this study could be beneficial for several users of financial information, such as regulators, investors, auditors and lenders. These users might consider the findings of this study when using a company’s financial information, and consequently enable them to make better decisions. Thus, this study introduces new empirical evidence about the ownership structure in Jordan, since a large proportion of companies are family controlled.

Authors and Affiliations

Rateb Mohammad Alqatamin

Keywords

Determining the Effect of Electronic Services Quality on Electronic Satisfaction and Positive Word of Mouth (Case Study: Different Branches of Shiraz Mellat Bank Customers

Electronic satisfaction and electronic services quality are regarded among main issues in globalizing electronic trade. Upon enterprising banking industry and products similarity, services quality is declared as competit...

EP ID EP287604
DOI 10.6007/IJARAFMS/v8-i1/4047
Views 89
Downloads 0