Family management and firm performance : moderating effects of professional CEOs
The purpose of this study is to investigate the effect of family-managed firms on firm performance based on the market performance for public firms listed on the Singapore Stock Exchange (SGX). Using a sample data of 530 SGX-listed firms from prospectuses and annual reports from Osiris, as well as B...
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| Format: | Final Year Project (FYP) |
| Language: | English |
| Published: |
Nanyang Technological University
2010
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/21230 |
| _version_ | 1826128289251459072 |
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| author | Cheong, Angelina Chua, Ming Jie Chua, Yvonne |
| author2 | Kang Soon Lee, Eugene |
| author_facet | Kang Soon Lee, Eugene Cheong, Angelina Chua, Ming Jie Chua, Yvonne |
| author_sort | Cheong, Angelina |
| collection | NTU |
| description | The purpose of this study is to investigate the effect of family-managed firms on firm performance based on the market performance for public firms listed on the Singapore Stock Exchange (SGX). Using a sample data of 530 SGX-listed firms from prospectuses and annual reports from Osiris, as well as Bloomberg, we obtained 996 observations for both fiscal years 2005 and 2006. Firstly, we looked into the association between family-managed firms and firm performance. Secondly, we looked into whether the presence of a professional Chief Executive Officer (CEO) has any moderating effect on the association between family-managed firms and firm performance. Our results indicated that the proportion of family members on the board has a marginal negative association with firm performance. We also found a marginally significant interaction effect where the presence of a professional CEO lowers the strength of the negative association between the proportion of family members on the board and firm performance. |
| first_indexed | 2024-10-01T07:22:32Z |
| format | Final Year Project (FYP) |
| id | ntu-10356/21230 |
| institution | Nanyang Technological University |
| language | English |
| last_indexed | 2024-10-01T07:22:32Z |
| publishDate | 2010 |
| publisher | Nanyang Technological University |
| record_format | dspace |
| spelling | ntu-10356/212302023-05-19T06:09:00Z Family management and firm performance : moderating effects of professional CEOs Cheong, Angelina Chua, Ming Jie Chua, Yvonne Kang Soon Lee, Eugene Nanyang Business School ASLKang@ntu.edu.sg DRNTU::Business::Operations management::Family owned business enterprises The purpose of this study is to investigate the effect of family-managed firms on firm performance based on the market performance for public firms listed on the Singapore Stock Exchange (SGX). Using a sample data of 530 SGX-listed firms from prospectuses and annual reports from Osiris, as well as Bloomberg, we obtained 996 observations for both fiscal years 2005 and 2006. Firstly, we looked into the association between family-managed firms and firm performance. Secondly, we looked into whether the presence of a professional Chief Executive Officer (CEO) has any moderating effect on the association between family-managed firms and firm performance. Our results indicated that the proportion of family members on the board has a marginal negative association with firm performance. We also found a marginally significant interaction effect where the presence of a professional CEO lowers the strength of the negative association between the proportion of family members on the board and firm performance. Bachelor of Business 2010-03-23T07:17:07Z 2010-03-23T07:17:07Z 2010 2010 Final Year Project (FYP) http://hdl.handle.net/10356/21230 en Nanyang Technological University 42 p. application/pdf Nanyang Technological University |
| spellingShingle | DRNTU::Business::Operations management::Family owned business enterprises Cheong, Angelina Chua, Ming Jie Chua, Yvonne Family management and firm performance : moderating effects of professional CEOs |
| title | Family management and firm performance : moderating effects of professional CEOs |
| title_full | Family management and firm performance : moderating effects of professional CEOs |
| title_fullStr | Family management and firm performance : moderating effects of professional CEOs |
| title_full_unstemmed | Family management and firm performance : moderating effects of professional CEOs |
| title_short | Family management and firm performance : moderating effects of professional CEOs |
| title_sort | family management and firm performance moderating effects of professional ceos |
| topic | DRNTU::Business::Operations management::Family owned business enterprises |
| url | http://hdl.handle.net/10356/21230 |
| work_keys_str_mv | AT cheongangelina familymanagementandfirmperformancemoderatingeffectsofprofessionalceos AT chuamingjie familymanagementandfirmperformancemoderatingeffectsofprofessionalceos AT chuayvonne familymanagementandfirmperformancemoderatingeffectsofprofessionalceos |