TY  - JOUR 
TI  - Family ties, do they matter? family ownership and firm performance in Peru.
PB  - Board
PY  - 2012
issn 1727-9232
AB  - This paper studies the relationship between ownership concentration, family ownership, management, and market and accounting performance for 59 industrial firms listed in the Lima Stock Exchange during the period of 1999 to 2005. An inverted U-shaped relationship was found between ownership concentration and market performance in both family and non-family firms, pointing out an entrenchment effect or excessive risk aversion of the controlling group. This effect is worsened for family firms. The presence of family members as CEOs, Chairmen and Board Members is also negative for a firm’s performance and family ownership was found to increase the leverage of a firm.
KW  - Economía
KW  - Negocios y management
KW  - Economics
KW  - Business
KW  - Empresas familiares
KW  - Perú
KW  - Bolsa de valores
UR  - http://hdl.handle.net/10906/79817
ER  -