6533b859fe1ef96bd12b7646

RESEARCH PRODUCT

Ownership and Operating Performance of Spanish Family IPO Firms

José Emilio Farinós ViñasC. José García MartínFuencisla Martínez Lobato

subject

050208 financebusiness.industry0502 economics and business05 social sciencesAccountingbusinessInitial public offering050203 business & management

description

Previous studies have shown the existence of a relationship between the ownership structure of a company and its operational performance. In this context, the empirical evidence reveals that after an initial public offering (IPO), companies experience a decline in their operational performance. In this research, the authors investigate whether the characteristics of Spanish family firms led to a different operating behavior with respect to non-family companies when they go public through an IPO. The results show that the particularities of the family firm do not turn into significant differences in operational performance after the listing process.

yearjournalcountryeditionlanguage
2020-01-01
https://doi.org/10.4018/978-1-7998-1655-3.ch009