Dissertation > Excellent graduate degree dissertation topics show

Family Authority,Patriarch Trait and Firm Value

Author: WangZuo
Tutor: ZuoXu
School: Southwestern University of Finance and Economics
Course: Financial Management
Keywords: family authority patriarch trait firm value family control
CLC: F275
Type: Master's thesis
Year: 2013
Downloads: 44
Quote: 0
Read: Download Dissertation

Abstract


Nowadays, more and more family enterprises get listed on the stock market, especially with the emergence of GEM stocks which initiates a new climax of family enterprises getting listed on the stock market. Proprietary rights and management rights are held by the family, so the phenomenon of the dominant stock is widely existed. Meanwhile, the present capital market is not perfect yet; middle and small investors are not well protected, and the conflict between the majority shareholder and minority shareholder is becoming increasingly conspicuous. Under such background, the research on family enterprises attracts attention from all social sectors.The thesis researches on family enterprises from the perspective of the family, and judges the influence of the family on the family enterprise wholly and partially. One perspective is the degree of influence of the family on the family enterprises wholly, which is called family authority; it can be measured from family rights and balance level. The other perspective lies in the relationship between the family individual and the enterprise. Generally speaking, there is a representative who influences the operation and management of the family enterprise. The representative is the "patriarch". The thesis researches on the family enterprise from Behavioral Finance.The thesis analyzes the influence of family authority and patriarchy on enterprise value from positivism. The innovations in the dissertation as bellow:(l)research perspectives:the thesis judges the influence of the family on the family enterprises wholly and partially. It wholly analyses from cash flow right and control right, and meanwhile dwells on the personal traits and leadership of the patriarch. Therefore, the thesis explores the influence of patriarchal authority and traits on enterprise achievements.(2)research contents:the thesis analyzes the influence of the patriarch from irrational economic person and then makes empirical test, which is the highlight of the thesis.(3)theoretical basis:based on relevant researches, the thesis regards that there exists a certain agent relation between the patriarch who participates the management and other family members who owns but do not participate the management in the family enterprise.

Related Dissertations

  1. Ownership Structure and Firm Value: An Empirical Study of Listed Family Firms in China,F224
  2. An Empirical Research on the Relationship between the Capital Structure and Firm Value of Northeast China Listed Companies,F275.5
  3. Institutional Environment, Political Connection of Board and Firm Value,F224
  4. Pyramidal Structure and Firm Value,F832.51;F224
  5. Growth Opportunity, Debt Decision and Firm Value,F224
  6. Capital Investment and Firm Value of Chinese Listed Companies,F276.6;F224
  7. A Empirical Study on the Relationship between High Incentive and Tax Avoidance,F276.6;F224
  8. The Study of the Effects of Transparency on Firm Value,F276.6
  9. A Study on the Impact of Multiple Factors on Firm Value Based on Structural Equation Modeling,F275;F832.51
  10. The Research on the Influence of the Renminbi Exchange Rate Fluctuation on the Value of Listed Companies in China,F275;F224
  11. Study on the Influences of Institutional Environment and Government Control on the Value of Corporate Cash Holdings: Evidence from Chinese Listed Companies,F224
  12. The Empirical Study on the Effect of Political Background on Corporate Value Based on Different Levels of Corporate Governance,F276.6;F224
  13. Political Connection and Firm Value Evidence from China Individual-controlled Listed Company,F276.5
  14. Stratified Value-power-based Firm Value and Strategic Management Study,F272
  15. The Research on Objective Corporation Value Assessment in M&A,F275
  16. Empirical Research on the Relationship between Pyramidal Ownership Structure and Firm Value of Chinese Private Listed Companies,F271
  17. An Emperical Study on the Influence of the Characteristics About Family Control Right on Board Independence,F275;F224
  18. The Research on the Contribution of the Intellectual Property to Firm Value,F204;F224
  19. Financing Policies, Ownership Concentration and Firm Value,F276.6
  20. Ownership Structure, Politically Connected Managers and Firm Value of China’s Listed Firms,F276.6
  21. Family controlled the level of corporate debt maturity Empirical Study,F276.6

CLC: > Economic > Economic planning and management > Enterprise economy > Corporate Financial Management
© 2012 www.DissertationTopic.Net  Mobile