MORSe (Management and Organization Research Seminars): 'RETURN ON INVESTMENT IN OMX STOCK EXCHANGE CORPORATIONS'
Institute of Management and Organisation
Start date: 23 April 2008
End date: 24 April 2008
Kalevi Tourunen (Haaga-Helia University, Finland)
Wednesday the 23rd of April
room A24
from 12.30 to 14.00
Abstract
The study concentrates on examining the effect of family ownership and control on firm performance. A special focus is put on potential difference of return on investment between listed family and non family firms in Finland. The income statement and balance sheet data of companies covers the years 2000 – 2005. The results of the study show that families are present in 25 % of firms quoted on OMX Helsinki Finland stock exchange. Further it was observed that family firms are less indebted and perform better than non family companies measured by return on investment. The results of the study are based on family social capital theory and multiple regression analysis.
Keywords: family firm, family social capital, return on investment.
