Family Business and Firm Value: Evidence from Stakeholder Relations with Employees

作者： • [11-30]

主讲人	Jun-Koo Kang	简介	<p>We examine stakeholder relations with employees as an important channel through which family firms create value. Using employee relations ratings as the measure of employee-friendly policies, we find that compared with nonfamily firms, family firms treat their employees better and this better treatment is associated with higher firm value. The positive relation between employee treatment and firm value for family firms is robust to controlling for endogeneity bias, and also to using firms’ inclusion in Fortune’s “100 Best Companies to Work For” list to identify employee-friendly treatment. These findings suggest that employee-friendly policies help family firms create value.  </p>
时间	2015-11-30(Monday)16:40-18:00	地点	N303, Econ Building
讲座语言	English	主办单位	WISE & SOE
承办单位		类型	系列讲座
联系人信息		主持人	Yinggang Zhou
专题网站		专题
主讲人简介	<p>Distinguished Professor of Finance, Nanyang Business School, Nanyang Technological University</p> <p><a href="/Upload/File/2015/11/20151117055342496.pdf"><strong><span style="color: rgb(0, 0, 255);"><u>Prof. Jun-Koo Kang's CV</u></span></strong></a></p>	期数	厦门大学金融经济学系列讲座2015秋季学期第三讲（总第6讲）暨厦门大学南强学术讲座第707期

系列讲座