We aim to analyse how and if family involvement in TMT of listed family firms affects post-IPO survival on capital markets. We test our hypothesis on a data set of Italian listed family firms over the period 2000-2011 by employing survival analysis. Our findings suggest that a higher presence of family members in TMT reduces the likelihood of post-IPO survival, but such relationship is contingent upon the presence of family CEO. Likewise, the number of generations is negatively correlated to survival.

Family Involvement In Top Level Positions: An Empirical Analysis Of IPO Survival / Cirillo, Alessandro; Mussolino, Donata; Romano, Mauro; Vigano', Riccardo. - (2016). (Intervento presentato al convegno Manageable Cooperation? tenutosi a Parigihttps://scholar.google.it/ nel 1-4 giugno 2016).

Family Involvement In Top Level Positions: An Empirical Analysis Of IPO Survival

Cirillo, Alessandro;MUSSOLINO, DONATA;VIGANO', RICCARDO
2016

Abstract

We aim to analyse how and if family involvement in TMT of listed family firms affects post-IPO survival on capital markets. We test our hypothesis on a data set of Italian listed family firms over the period 2000-2011 by employing survival analysis. Our findings suggest that a higher presence of family members in TMT reduces the likelihood of post-IPO survival, but such relationship is contingent upon the presence of family CEO. Likewise, the number of generations is negatively correlated to survival.
2016
Family Involvement In Top Level Positions: An Empirical Analysis Of IPO Survival / Cirillo, Alessandro; Mussolino, Donata; Romano, Mauro; Vigano', Riccardo. - (2016). (Intervento presentato al convegno Manageable Cooperation? tenutosi a Parigihttps://scholar.google.it/ nel 1-4 giugno 2016).
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11588/659003
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