Founding family leadership and industry profitability |
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| Authors: | Trond Randøy Clay Dibrell Justin B. Craig |
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| Affiliation: | (1) Agder University College, School of Management, Serviceboks 422, Bygg H, Kristiansand, N-4604, Norway;(2) Oregon State University, Corvallis, Oregon, USA;(3) School of Business, Bond University, Brisbane, QLD, Australia |
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| Abstract: | In this article, we argue that firms in high-margin industries can benefit from founding family influence. Specifically, in more profitable markets, the influence of the founding family provides an additional corporate governance-monitoring function. The sample consists of 294 firm-year observations from 98 publicly traded companies headquartered in Sweden, representing approximately half of all non-financial traded firms. Our support that the effect of family leadership in publicly held firms should be assessed in relation to the intensity of industry competition. |
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| Keywords: | Founding family firms Corporate governance Industry profit margins Industry competition Sweden |
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