Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 이은정 | - |
dc.date.accessioned | 2018-07-16T02:52:30Z | - |
dc.date.available | 2018-07-16T02:52:30Z | - |
dc.date.issued | 2017-11 | - |
dc.identifier.citation | FINANCE RESEARCH LETTERS, v. 25, Page. 69-75 | en_US |
dc.identifier.issn | 1544-6123 | - |
dc.identifier.issn | 1544-6131 | - |
dc.identifier.uri | https://www.sciencedirect.com/science/article/pii/S154461231730404X | - |
dc.identifier.uri | https://repository.hanyang.ac.kr/handle/20.500.11754/72578 | - |
dc.description.abstract | We study the relation between a controlling family's ownership and their company's risk taking behavior. By investigating comprehensive ownership data in Korea where most companies have controlling families, we find that non-linear U-shaped relation exists between family ownership and a firm's risk taking. Our results are robust in various tests considering endogeneity problems and with different proxies. We argue that a family with less ownership takes less risk for pursuing their private benefit, while a family with more ownership aligns their interest with their company's by taking more value enhancing risky projects. | en_US |
dc.description.sponsorship | This work was supported by the research fund of Hanyang University (HY-2014-G). | en_US |
dc.language.iso | en_US | en_US |
dc.publisher | ACADEMIC PRESS INC ELSEVIER SCIENCE | en_US |
dc.subject | Family firm | en_US |
dc.subject | Controlling shareholder | en_US |
dc.subject | Risk taking | en_US |
dc.subject | CORPORATE GOVERNANCE | en_US |
dc.subject | PERFORMANCE EVIDENCE | en_US |
dc.subject | FIRM PERFORMANCE | en_US |
dc.subject | BOARDS | en_US |
dc.subject | DIVERSIFICATION | en_US |
dc.subject | CRISIS | en_US |
dc.subject | IMPACT | en_US |
dc.title | Family ownership and risk taking | en_US |
dc.type | Article | en_US |
dc.identifier.doi | 10.1016/j.frl.2017.10.010 | - |
dc.relation.page | 1-7 | - |
dc.relation.journal | FINANCE RESEARCH LETTERS | - |
dc.contributor.googleauthor | Lee, Eun Jung | - |
dc.contributor.googleauthor | Chae, Joon | - |
dc.contributor.googleauthor | Lee, Yu Kyung | - |
dc.relation.code | 2017015636 | - |
dc.sector.campus | E | - |
dc.sector.daehak | COLLEGE OF BUSINESS AND ECONOMICS[E] | - |
dc.sector.department | DIVISION OF BUSINESS ADMINISTRATION | - |
dc.identifier.pid | ejunglee | - |
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