Family Power and Corporate Investment Efficiency
This paper examines the relationship between family power and investment efficiency of the GCC firms. We develop a new model of family power involvement on the board of directors and executive level to capture the effect of family power on investment efficiency. We find family power reduces both und...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
2018
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| Online Access: | http://hdl.handle.net/20.500.11937/74464 |
| _version_ | 1848763282248171520 |
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| author | Alhadi, A. Eulaiwi, Baban Taylor, G. |
| author_facet | Alhadi, A. Eulaiwi, Baban Taylor, G. |
| author_sort | Alhadi, A. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This paper examines the relationship between family power and investment efficiency of the GCC firms. We develop a new model of family power involvement on the board of directors and executive level to capture the effect of family power on investment efficiency. We find family power reduces both under and over-investment of the GCC firms. We find this reduction significant due to ability of the family power to reduce both agency costs and information asymmetry. However, we find this power is alleviated when firms are in mature stage. Our results robust using several measures of family involvement, investment efficiency and endogeneity test. |
| first_indexed | 2025-11-14T11:00:59Z |
| format | Journal Article |
| id | curtin-20.500.11937-74464 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:00:59Z |
| publishDate | 2018 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-744642025-05-12T05:22:11Z Family Power and Corporate Investment Efficiency Alhadi, A. Eulaiwi, Baban Taylor, G. This paper examines the relationship between family power and investment efficiency of the GCC firms. We develop a new model of family power involvement on the board of directors and executive level to capture the effect of family power on investment efficiency. We find family power reduces both under and over-investment of the GCC firms. We find this reduction significant due to ability of the family power to reduce both agency costs and information asymmetry. However, we find this power is alleviated when firms are in mature stage. Our results robust using several measures of family involvement, investment efficiency and endogeneity test. 2018 Journal Article http://hdl.handle.net/20.500.11937/74464 restricted |
| spellingShingle | Alhadi, A. Eulaiwi, Baban Taylor, G. Family Power and Corporate Investment Efficiency |
| title | Family Power and Corporate Investment Efficiency |
| title_full | Family Power and Corporate Investment Efficiency |
| title_fullStr | Family Power and Corporate Investment Efficiency |
| title_full_unstemmed | Family Power and Corporate Investment Efficiency |
| title_short | Family Power and Corporate Investment Efficiency |
| title_sort | family power and corporate investment efficiency |
| url | http://hdl.handle.net/20.500.11937/74464 |