0000000000623222
AUTHOR
Kalevi Tourunen
Family influence on firm performance: Finnish publicly held family firm perspective
The study aims at examining the effect of family influence on firm performance. An empirical focus is put on comparison of return on investment of publicly held family and non family firms in Finland. The income statement and balance sheet data of the companies covers the years 2000–2005. The study shows that families are present in 25% of the companies listed on the OMX Helsinki, Finland Stock Exchange. The data indicates that publicly held family firms create close the same value added per employee than non-family firms. According to the results, family firms are less indebted and perform slightly better than non-family firms measured by return on investment. The observations of the study…
Perheyritykset kansantalouden resurssina : keskisuurten ja suurten yritysten omistajuus, toiminnan laajuus ja kannattavuus Suomessa 2000-2005
The first main goal of the research is family business contribution analysis, anexamination of the economic effect of family businesses in Finland. Another topic ofinterest is the relationship between the type of ownership and financial performance ofthe firm, a comparison analysis of profitability between family and non-familybusinesses.On a world-wide basis, the contribution of family businesses to nationaleconomies is considerable. However, the exact extent of the impact of familybusinesses has remained unknown. One reason for this problem is the fact that thereare neither official statistics nor representative performance data available of familybusinesses at the national economic level…