We aim to analyse how and if family involvement in TMT of listed family firms affects post-IPO survival on capital markets. We test our hypothesis on a data set of Italian listed family firms over the period 2000-2011 by employing survival analysis. Our findings suggest that a higher presence of family members in TMT reduces the likelihood of post-IPO survival, but such relationship is contingent upon the presence of family CEO. Likewise, the number of generations is negatively correlated to survival.
Family Involvement In Top Level Positions: An Empirical Analysis Of IPO Survival / Cirillo, Alessandro; Mussolino, Donata; Romano, Mauro; Vigano', Riccardo. - (2016). (Intervento presentato al convegno Manageable Cooperation? tenutosi a Parigihttps://scholar.google.it/ nel 1-4 giugno 2016).
Family Involvement In Top Level Positions: An Empirical Analysis Of IPO Survival
Cirillo, Alessandro;MUSSOLINO, DONATA;VIGANO', RICCARDO
2016
Abstract
We aim to analyse how and if family involvement in TMT of listed family firms affects post-IPO survival on capital markets. We test our hypothesis on a data set of Italian listed family firms over the period 2000-2011 by employing survival analysis. Our findings suggest that a higher presence of family members in TMT reduces the likelihood of post-IPO survival, but such relationship is contingent upon the presence of family CEO. Likewise, the number of generations is negatively correlated to survival.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
