IRMA-International.org: Creator of Knowledge
Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Corporate Governance and Financial Features of Portuguese Family Firms

Corporate Governance and Financial Features of Portuguese Family Firms
View Sample PDF
Author(s): Inna Sousa Paiva (Instituto Universitário de Lisboa (ISCTE-IUL), Business Research Unit (BRU-IUL), Lisbon, Portugal)
Copyright: 2022
Pages: 22
Source title: Research Anthology on Strategies for Maintaining Successful Family Firms
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-6684-3550-2.ch019

Purchase

View Corporate Governance and Financial Features of Portuguese Family Firms on the publisher's website for pricing and purchasing information.

Abstract

This study analyses whether corporate governance and financial features of private family firms are different from private non-family firms and discusses the role of private family firms in regional economic development. The evidence is drawn from a database of Portuguese private family owner-managed firms in order to determine the differences in the management and experiences of venture capital and other financing options. The main results demonstrated that family firms have significantly lower ratios of leverage, are less interested in venture capital, have much more experience in management and are less likely to be female than those in non-family firms. Our results indicate that the financial development of Portuguese private family firms is also consistent with the moderate tenet of family firms which could hamper their business growth and demonstrate that corporate governance features assist the family identity and the ability to exert family influence.

Related Content

Terry Lantai, Atle Hauge, Xiang Ying Mei. © 2025. 24 pages.
Eurico Colarinho Navaia, António Carrizo Moreira, Cláudia Pires Ribau. © 2025. 22 pages.
German Fernando Medina, Pedro Rene Jimenez Hernandez, Andrea del Pilar Barrera Ortegon. © 2025. 22 pages.
Resti Tito Villarino, Maria Lavina M. Alonzo, Michel Plaisent, Prosper Bernard. © 2025. 26 pages.
Andrea del Pilar Barrera, Pedro Rene Jimenez-Hernandez, German Fernando Medina-Ricaurte. © 2025. 22 pages.
Albert Dario Arias Ardila, Adolfo Hernando Hernandez Hernandez, Irma Neli Gutierrez Almendarez. © 2025. 34 pages.
Muhammad Usman Tariq. © 2025. 22 pages.
Body Bottom