Family Firm Performance: Trusts, Ownership and Governance

Scholes, L.; Elliott, C.; Hughes, M.; Mustafa, M.

Family Firm Performance: Trusts, Ownership and Governance

Scholes, L.; Elliott, C.; Hughes, M.; Mustafa, M.

Authors

L. Scholes

C. Elliott

M. Hughes

M. Mustafa

Abstract

We explore the influence of ownership and governance on financial performance in a sample of 200 UK family firms. This study is the first to explore the governance role of trusts and indicates that the presence of trusts lead to a significant reduction in the growth and profitability of family firms. Trusts therefore deserve much greater research attention in the future.

Citation

Scholes, L., Elliott, C., Hughes, M., & Mustafa, M. (2015, June). Family Firm Performance: Trusts, Ownership and Governance. Paper presented at FERC 2015: 11th Annual Family Enterprise Research Conference., Burlington, USA

Presentation Conference Type	Conference Paper (unpublished)
Conference Name	FERC 2015: 11th Annual Family Enterprise Research Conference.
Conference Location	Burlington, USA
Start Date	Jun 4, 2015
End Date	Jun 7, 2015
Acceptance Date	Mar 12, 2015
Publication Date	Jun 7, 2015
Deposit Date	Mar 13, 2015
Publicly Available Date	Mar 23, 2015
Public URL	https://durham-repository.worktribe.com/output/1684083
Publisher URL	http://www.uvm.edu/business/?Page=ferc_2015.html&SM=familybusiness_submenu.html
Additional Information	University of Vermont, Burlington, VT, USA, June 4-7, 2015.