Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/10456
Title: Influence of family management in corporate boards on firm value
Authors: Cheng, Ming Qi
Wu, Huiping
Ong, Jovin Shi Qi
Keywords: DRNTU::Business::Finance::Corporate governance
Issue Date: 2007
Publisher: Nanyang Technological University
Abstract: This paper aims to investigate whether family members in the board will negatively influence firm value when there is evidence of wealth expropriation from minority shareholders. The hypotheses were tested using a sample of 286 publicly-listed firms on the Singapore Stock Exchange, and the results largely support our arguments. Specifically, we found that the proportion of family members in corporate boards is negatively associated with Tobin’s Q, and that the relationship is more negative when SG&A expenses are higher. Finally, implications for research and practice are discussed.
URI: http://hdl.handle.net/10356/10456
Rights: Nanyang Technological University
Fulltext Permission: embargo_restricted_20220731
Fulltext Availability: With Fulltext
Appears in Collections:NBS Student Reports (FYP/IA/PA/PI)

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