Publisher： Routledge Ltd
ISSN： 1466-4305
Source： Applied Financial Economics, Vol.23, Iss.22, 2013-11, pp. : 1721-1732
Disclaimer: Any content in publications that violate the sovereignty, the constitution or regulations of the PRC is not accepted or approved by CNPIEC.
Abstract
The aim of this study is to analyse the stock performance of family firms from 1999 to 2008 in the Portuguese stock market, where these kinds of firms are frequently found. Consistent with previous research, we employ a methodology based on a portfolio formation approach. Furthermore, we study the performance of individual stocks using a panel data analysis. Our findings show that family firms outperform nonfamily ones, especially those family firms of smaller size. These results are relevant for investors, academics and the professional managers of these companies.
Related content
Size and stock market integration: a study of Canadian firms
By Samson Lucie
Applied Financial Economics Letters, Vol. 4, Iss. 6, 2008-11 ,pp. :
Access to resources
Recommend
By Subramanian Ram Gopalakrishna Pradeep
International Journal of Business Innovation and Research, Vol. 3, Iss. 5, 2009-07 ,pp. :
Intraday stock returns and performance of a simple market model
By Aktas Elvan
Applied Financial Economics, Vol. 18, Iss. 18, 2008-10 ,pp. :