Overview
- Demonstrates optimal board composition by including directors with specific characteristics and experiences
- Provides a suggestion for improving the reporting quality of family-controlled firms
- Elaborates on the main characteristics of family-controlled firms in Italy
Part of the book series: Contributions to Finance and Accounting (CFA)
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Table of contents (6 chapters)
Keywords
About this book
This book expands on the literature on the characteristics of management boards by especially focusing on family-listed and family-controlled companies, as they are ideal for studying board heterogeneity. It uses specific multidimensional indices and in-depth econometric analysis to introduce new variables, such as international experience, that represent a source of competitive advantage for firms in today’s globalized world. In addition, by examining the heterogeneity ratio and the representation of independent and family directors, the book demonstrates how family-controlled firms use independent directors to import their heterogeneous expertise.
The book makes a threefold contribution: for regulators, it offers suggestions on improving the quality of reporting in family-controlled firms; for researchers, it demonstrates the importance of including directors’ characteristics apart from the firm-specific factors in their analyses; and for practitioners, it shows that selecting directors with specific characteristics can have a substantial impact on firms’ performance.
Authors and Affiliations
About the author
Bibliographic Information
Book Title: Corporate Governance and Firm Value in Italy
Book Subtitle: How Directors and Board Members Matter
Authors: Bruno Buchetti
Series Title: Contributions to Finance and Accounting
DOI: https://doi.org/10.1007/978-3-030-56239-7
Publisher: Springer Cham
eBook Packages: Business and Management, Business and Management (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021
Hardcover ISBN: 978-3-030-56238-0Published: 05 January 2021
Softcover ISBN: 978-3-030-56241-0Published: 06 January 2022
eBook ISBN: 978-3-030-56239-7Published: 04 January 2021
Series ISSN: 2730-6038
Series E-ISSN: 2730-6046
Edition Number: 1
Number of Pages: XIX, 136
Number of Illustrations: 9 b/w illustrations
Topics: Management, Accounting/Auditing, Industrial and Organizational Psychology