Open AccessFamily ownership, information problem and firm performance
Author(s) -
Reajmin Sultana
Publication year - 2021
Publication title -
international journal of research in business and social science
Language(s) - English
Resource type - Journals
ISSN - 2147-4478
DOI - 10.20525/ijrbs.v10i6.1330
Subject(s) - information asymmetry , principal–agent problem , agency (philosophy) , business , accounting , empirical research , control (management) , family business , empirical evidence , association (psychology) , industrial organization , marketing , economics , finance , corporate governance , management , sociology , psychology , social science , philosophy , epistemology , psychotherapist
This paper reviews recent corporate financial literature dealing with family business issues. It discusses research papers that explain the nature and type of agency problems in family firms. It provides empirical evidence of the association of family ownership with information asymmetry. It also portrays the influence of family firms over corporate disclosures. We have analyzed literature to explain the empirical association between family ownership, and so ownership control, and firm performances. This paper also attempts to find out the research gap based on reviewed papers and tries to give the future directions of research in this regard.