Founder- and Heir-Controlled Firms: Is There a Connection Between Transparency and Performance?

Matherne, Brett P.
August 2009
Academy of Management Perspectives;Aug2009, Vol. 23 Issue 3, p97
Academic Journal
The article focuses on a study by Ronald Anderson of American University, Augustine Duru of American University, and David Reeb of Temple University, on corporate transparency in publicly traded founder and family-controlled business enterprises. The researchers created an opacity index which was based on various proxies, including stock trading volume and analyst forecasting errors, to examine the role of founder and heir ownership on transparency as well as the influence that the chief executive officer (CEO) has.


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