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profitability in comparison to their counterparts. We would argue that an intensified agency problem and lack of entrepreneurial … spirit might be the root of the profitability problem. …
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Financial decision making in family companies is a topical issue that has arisen from an awareness of the significant impact of family businesses on the economies of individual countries. This article deals with the capital structure and business performance of family firms in the Czech...
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-pronged) approach encompassing regulation, profitability, and nonperforming assets (NPAs) and their interactions as a measure of the …
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period 1991 to 1996. We find ownership concentration to affect profitability significantly negatively. Representation of … owners on the board of executive directors does not make a difference. The profitability-ownership concentration relation … positive impact of ownership concentration on profitability, supportive of managerial discretion and agency theories, shows up …
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