Weathering the Storm: Family Ownership, Governance, and Performance Through the Financial and Economic Crisis

2015 ◽  
Vol 24 (6) ◽  
pp. 552-568 ◽  
Author(s):  
Alessandro Minichilli ◽  
Marina Brogi ◽  
Andrea Calabrò
Keyword(s):  
Economic Crisis ◽  
Family Ownership ◽  
And Performance

scholarly journals Novas formas associativas na produção recente de moradia social no Brasil

2013 ◽  
Vol 15 (2) ◽  
pp. 77 ◽  
Author(s):  
Camila Moreno de Camargo
Keyword(s):  
Social Movements ◽  
Housing Policy ◽  
Economic Crisis ◽  
Urban Space ◽  
Social Relations ◽  
Self Management ◽  
Second Phase ◽  
Housing Production ◽  
Brazilian Government ◽  
And Performance

O presente artigo aborda aspectos relacionados à produção habitacional da modalidade “Entidades” do programa Minha Casa, Minha Vida, a partir de observações de campo. Pretende-se elaborar uma chave de leitura que destaque, no contexto de atendimento do programa federal mencionado, as entidades organizadoras e os diferentes graus de vinculação e relação que estabelecem com os movimentos de luta por moradias nacionais, a sociedade e o próprio Estado. Tais questões vêm se construindo e nos mostram certa urgência de análise e pesquisas mais aprofundadas, no sentido de avançar na discussão acerca da produção habitacional por meio da autogestão no Brasil, visto que, ainda que inexpressivo do ponto de vista quantitativo e em comparação com a produção mais massiva empreendida pelo mercado, ela nos revela uma série de transformações que vem redefinindo as relações sociais e a produção do espaço urbano contemporâneo. Palavras-chave: habitação de interesse social; Minha Casa, Minha Vida; entidades; movimentos sociais; política habitacional. Abstract: In response to the global economic crisis of 2009, the brazilian government launched the Minha Casa, Minha Vida – MCMV program, with the purpose of producing one million houses in the country. In its second phase, currently the program aims to produce another two million housing in the country. This production occurs by means partnership among actors at the various political, commercial, social and voluntary levels. In this context, this article aims to develop a new key for reading the entities responsible for organising the construction of the project contracted and the different degrees of attachment and relationship they establish with the national fight for housing movements, the society and the state itself, in the composition of demand and performance location. Such questions show some urgency in the analysis and further research for advancing in discussion about housing production through self-management in Brazil, it reveals a series of transformations that has been redefining social relations and production of contemporary urban space. Keywords: social interest housing; “Minha Casa, Minha Vida”; entities; social movements; housing policy.

Introduction

2020 ◽  
pp. 1-16
Author(s):  
Agnes Cornell ◽  
Jørgen Møller ◽  
Svend-Erik Skaaning
Keyword(s):  
Economic Development ◽  
Case Studies ◽  
Economic Crisis ◽  
Nation Building ◽  
Socio Economic Development ◽  
Party Institutionalization ◽  
And Performance ◽  
The Many ◽  
Western Democracies ◽  
Civil Societies

Against the backdrop of the economic crisis that began in 2008 and the rise of populist parties, a new body of research has used interwar political developments to warn that even long-established Western democracies are fragile. We challenge this interwar analogy based on the fact that a relatively large number of interwar democracies were able to survive the recurrent crises of the 1920s and 1930s. The main aim of this book is to understand the striking resilience of these democracies, and how they differed from the many democracies that broke down in the same period. Previous theoretical accounts, which can be divided into structuralist, elitist, associational, and performance-based perspectives, do not adequately explain this variation. We advance an explanation that nests an associational perspective in a structuralist perspective. The model centres on democratic legacies and strong associational landscapes (i.e. vibrant civil societies and party institutionalization). These factors are rooted in a set of structural conditions associated with socio-economic development and state- and nation-building processes. Our empirical strategy consists of a combination of systematic comparisons of all interwar democratic spells and in-depth case-studies.

Family ownership

2020 ◽  
Vol 36 (2) ◽  
pp. 241-257 ◽  
Author(s):  
Belén Villalonga ◽  
Raphael Amit
Keyword(s):  
Institutional Investors ◽  
Family Ownership ◽  
Corporate Ownership ◽  
Firm Behaviour ◽  
The World ◽  
And Performance ◽  
Prevalent Form

Abstract This article reviews the existing literature about the most prevalent form of corporate ownership around the world: ownership by individuals—particularly founders—and families. We summarize the existing evidence about the prevalence and persistence of family ownership around the world, along with its impact on performance—both financial and non-financial—relative to other types of corporate ownership. We discuss how and why these empirical facts and findings come about—why owners in general, and family owners in particular, are critical drivers of firm behaviour and performance, and how they are able to exercise their influence over corporations in which other shareholders, such as institutional investors, and other stakeholders can also play an important role.

scholarly journals Editorial: Theatre, Transnationalism and Economy: A Collaboration with Theatre Survey

2014 ◽  
Vol 39 (3) ◽  
pp. 165-167
Author(s):  
CHARLOTTE M. CANNING
Keyword(s):  
Economic Crisis ◽  
Special Issue ◽  
And Performance ◽  
First Time

This special issue is unique in that it is the first time that this journal has collaborated with another to share the same set of questions ramified through the two journals’ different missions. Editor Esther Kim Lee and I proposed to link Theatre Research International and Theatre Survey in order to explore how the ‘2008 worldwide economic crisis brought scholars of theatre and performance to re-examine how neoliberalism, economic nomadism, and transnationalism affect artistic practices’, as we wrote in the call for papers. The response was impressive and demonstrated that performance scholars around the globe are thinking about these pressing issues in contiguous and contradictory ways.

Family firms, family generation and performance: evidence from an emerging economy

2014 ◽  
Vol 4 (2) ◽  
pp. 197-219 ◽  
Author(s):  
Mohammad Badrul Muttakin ◽  
Arifur Khan ◽  
Nava Subramaniam
Keyword(s):  
Firm Performance ◽  
Family Firms ◽  
Emerging Market ◽  
Emerging Economy ◽  
Family Ownership ◽  
Content Type ◽  
Generation Family ◽  
And Performance ◽  
The Impact ◽  
Better Than

Purpose – The purpose of this paper is to examine the impact of family ownership on firm performance. In particular the authors investigate whether family firms outperform non-family firms and whether first generation family firms perform better than second generation family firms in an emerging economy using Bangladesh as a case. Design/methodology/approach – This study uses a data set of 141 listed Bangladeshi non-financial companies for the period 2005-2009. The methodology is based on multivariate regression analysis. Findings – The result shows that family firms perform better than their non-family counterparts. The authors also find that family ownership has a positive impact on firm performance. The analysis further reveals intergenerational differences where family firms and performance are associated positively only when founder members act as CEOs or chairmen. However, when descendents serve as CEOs or chairmen family firms are associated with poorer firm performance. Originality/value – The authors extend the findings of previous studies that investigate the family ownership and firm performance relationship in developed economy settings, but neglected emerging economies. The study also informs the literature about the intergenerational impact of family firms on performance in an emerging market.

scholarly journals Family ownership, premiums paid and performance: Evidence from corporate take-overs in Malaysia

2007 ◽  
Vol 4 (2) ◽  
pp. 89-99 ◽  
Author(s):  
Saw-Imm Song ◽  
Ruhani Ali ◽  
Subramaniam Pillay
Keyword(s):  
Interaction Effect ◽  
Agency Problem ◽  
Developed Countries ◽  
Curvilinear Relationship ◽  
Family Ownership ◽  
Listed Firms ◽  
And Performance ◽  
The Relationship

This study examines the relationship between ownership identity of the largest shareholders, premiums paid and take-over performance, with reference to 63 large acquisitions by Malaysian public listed firms from 1990 to 1999. It is found that the premiums paid are much higher than those in developed countries. It has a curvilinear relationship with take-over performance. At lower to moderate levels of premiums, it improves post-take-over performance while excessive premium drags down the performance of the bidding firms. The finding shows that there is an interaction effect between family ownership and premiums paid which has contributed positively to the post-take-over performance. The evidence suggests that family ownership mitigates agency problem in corporate take-overs

Top management's communication in economic crisis and the firm's subsequent performance: sentiment analysis approach

2020 ◽  
Vol 25 (2) ◽  
pp. 187-205
Author(s):  
Supavich (Fone) Pengnate ◽  
Derek G. Lehmberg ◽  
Chanchai Tangpong
Keyword(s):  
Firm Performance ◽  
Sentiment Analysis ◽  
Economic Crisis ◽  
Managerial Discretion ◽  
Top Management ◽  
Content Type ◽  
Subsequent Performance ◽  
And Performance ◽  
Near Future ◽  
Management Communications

PurposeIn economic crisis, where tensions create anxiety and test the emotions of the firms' shareholders, communication from top management is very crucial as it provides the reflection of the managers' interpretation of the firms' situation and potential strategies. The goal of this paper is to investigate the relationships between sentiment, as an aspect of emotions extracted from the letters to shareholders, managerial discretion and the firms' subsequent performance and performance trajectory during crisis.Design/methodology/approachA sentiment analysis was conducted to extract the sentiment from the letters to shareholders, which were collected from firms in two countries with different levels of managerial discretion (US vs. Japan). Hypotheses were developed and tested using a series of regression analysis.FindingsThe primary findings indicate that (1) managerial sentiment identified in letters to shareholders can potentially be related to the firm's subsequent performance in the economic crisis, and (2) managerial discretion moderates the relationship between managerial sentiment and subsequent firm performance.Practical implicationsWhen the managerial discretion is high, firms' shareholders can use the sentiment in top management communications to gauge whether the firms' situation would be improving in the near future.Originality/valueThis study expands the current research on sentiment analysis and firm performance to the context of economic crisis by suggesting that managerial sentiment can be substantially provoked as firms are facing with stressful economic conditions. The study also highlights the moderating role of managerial discretion on the firms' subsequent performance.

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