"Risk-Taking Behavior of European Family Firms: A Comparison of Family Firms versus Non-Family Firms and their Level of Risk-Taking "
| dc.contributor.advisor | Fullbrunn, S. | |
| dc.contributor.author | Huijbregts, Carlijn | |
| dc.date.issued | 2019-08-08 | |
| dc.description.abstract | Differences in risk-taking behavior were examined between two type of firms, family firms and non-family firms. From a sample of 236 publicly listed European firms, we use data of the year 2018. The study shows that family firms take less risks in comparison to non-family firms, since the intangible quality “familiness” is of great importance. Different levels of family involvement have been investigated and overall, the main findings suggest that the family involvement is most powerful when majority of the shares are held by the family and the CEO is a family member. In addition, the study found support for several characteristics moderating the relationship between the family and risk-taking behavior, such as firm growth, firm performance, and the level of diversification. These characteristics typically distinguish family and non-family firms from each other. | en_US |
| dc.identifier.uri | https://theses.ubn.ru.nl/handle/123456789/7839 | |
| dc.language.iso | en | en_US |
| dc.thesis.faculty | Faculteit der Managementwetenschappen | en_US |
| dc.thesis.specialisation | Corporate Finance & Control | en_US |
| dc.thesis.studyprogramme | Master Economics | en_US |
| dc.thesis.type | Master | en_US |
| dc.title | "Risk-Taking Behavior of European Family Firms: A Comparison of Family Firms versus Non-Family Firms and their Level of Risk-Taking " | en_US |
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