Family Power and Corporate Investment Efficiency
This study examines the relationship between family power and corporate investment efficiency in Gulf Cooperative Council (GCC) countries. Family power in firms is manifested in how much decision-making power is concentrated in the hands of family members who are active either on the board of direct...
| Main Authors: | , , , , |
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| Format: | Journal Article |
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Taylor & Francis
2022
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| Online Access: | http://hdl.handle.net/20.500.11937/88702 |
| _version_ | 1848765067574640640 |
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| author | Ahmed, Al-Hadi Eulaiwi, Baban Duong, Lien Taylor, Grantley Dutta, Saurav |
| author_facet | Ahmed, Al-Hadi Eulaiwi, Baban Duong, Lien Taylor, Grantley Dutta, Saurav |
| author_sort | Ahmed, Al-Hadi |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This study examines the relationship between family power and corporate investment efficiency in Gulf Cooperative Council (GCC) countries. Family power in firms is manifested in how much decision-making power is concentrated in the hands of family members who are active either on the board of directors, or as executives of a firm. Using a unique measure of “family power,” we contribute to a growing interest in the role of family influence in the GCC emerging markets, where firms and business practices are typically controlled by families. We find that increased family power reduces firms’ level of under- and over-investment. We assert that this relation arises because firms are able to exhibit high levels of family power through socioemotional wealth preservation in reducing both management agency costs and earnings management. |
| first_indexed | 2025-11-14T11:29:21Z |
| format | Journal Article |
| id | curtin-20.500.11937-88702 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T11:29:21Z |
| publishDate | 2022 |
| publisher | Taylor & Francis |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-887022024-01-11T00:54:49Z Family Power and Corporate Investment Efficiency Ahmed, Al-Hadi Eulaiwi, Baban Duong, Lien Taylor, Grantley Dutta, Saurav 1501 - Accounting, Auditing and Accountability 3501 - Accounting, auditing and accountability This study examines the relationship between family power and corporate investment efficiency in Gulf Cooperative Council (GCC) countries. Family power in firms is manifested in how much decision-making power is concentrated in the hands of family members who are active either on the board of directors, or as executives of a firm. Using a unique measure of “family power,” we contribute to a growing interest in the role of family influence in the GCC emerging markets, where firms and business practices are typically controlled by families. We find that increased family power reduces firms’ level of under- and over-investment. We assert that this relation arises because firms are able to exhibit high levels of family power through socioemotional wealth preservation in reducing both management agency costs and earnings management. 2022 Journal Article http://hdl.handle.net/20.500.11937/88702 10.1080/1540496X.2022.2088348 Taylor & Francis fulltext |
| spellingShingle | 1501 - Accounting, Auditing and Accountability 3501 - Accounting, auditing and accountability Ahmed, Al-Hadi Eulaiwi, Baban Duong, Lien Taylor, Grantley Dutta, Saurav 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 |
| topic | 1501 - Accounting, Auditing and Accountability 3501 - Accounting, auditing and accountability |
| url | http://hdl.handle.net/20.500.11937/88702 |