Corporate Governance and Firm Value in Italy
How Directors and Board Members Matter
Authors: Buchetti, Bruno
Free Preview- 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
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- About this book
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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.
- About the authors
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Bruno Buchetti completed his Ph.D in Management and Innovation at Catholic University of the Sacred Heart, Milan (Italy). Prior to his Ph.D. he worked at the European Central Bank (Frankfurt, Germany) as a Supervision Analyst and in Credit Suisse (Zurich, Switzerland) as an Analyst. Currently, he is an independent consultant in Milan. His main research interests are focused on corporate governance and family business.
- Table of contents (6 chapters)
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Introduction
Pages 1-3
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Board Composition and Its Heterogeneity
Pages 5-17
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Directors’ Characteristics and Firm’s Performance: Research Design and Hypotheses
Pages 19-38
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Family Firms’ Board Characteristics
Pages 39-78
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Econometric Analysis
Pages 79-103
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Table of contents (6 chapters)
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Bibliographic Information
- Bibliographic Information
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- Book Title
- Corporate Governance and Firm Value in Italy
- Book Subtitle
- How Directors and Board Members Matter
- Authors
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- Bruno Buchetti
- Series Title
- Contributions to Finance and Accounting
- Copyright
- 2021
- Publisher
- Springer International Publishing
- Copyright Holder
- The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG
- eBook ISBN
- 978-3-030-56239-7
- DOI
- 10.1007/978-3-030-56239-7
- Hardcover ISBN
- 978-3-030-56238-0
- Series ISSN
- 2730-6038
- Edition Number
- 1
- Number of Pages
- XIX, 136
- Number of Illustrations
- 9 b/w illustrations
- Topics
