Financial Behavior of Family Businesses: A Bibliometric and Systematic Literature Review

Globally, companies are increasingly paying attention to the impact of environmental, social and governance (ESGs) on corporate performance. The objective of the study is to the impact of ESG scores of third-party institutions on the performance of Banks and Securities Firms. Based on the data of A-share banks and securities firms with complete ESG scores from Bloomberg 2011-2021, 19 listed banks and securities firms were selected. A linear regression of their return on assets, E, S, G, and ESG scores, and corporate performance is conducted to analyze which specific factor scores have the most direct impact on the corporate performance of securities firms, and thus help them to better implement ESG strategies. The results of the study revealed that the scores of G factors have the most direct impact on the corporate performance of banks and securities firms, and that securities firms need to improve the scores of G factors faster to achieve higher corporate performance. Therefore, information disclosure, as a part of corporate governance, should also be on the agenda when it is in line with the excess returns of securities firms.

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Financing policy of large listed family businesses: Evidence from the Arab world

Quiddi,

Habba

2024

CGOBR

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This paper aims to contribute to the literature on the capital structure and financing behavior of large listed family businesses by examining the differences and/or similarities in the determinants influencing the financing policy in the Arab world. The study focuses on two samples of equal size, consisting of 103 large listed family firms and 103 large listed non-family firms, covering the period from 2013 to 2019. Through a quantitative analysis of panel data, the research investigates the level of indebtedness and its determinants in these two categories of firms. The findings of this study reveal significant differences in the financing patterns between large listed family and non-family firms. These findings contribute to our understanding of the unique characteristics and preferences of large listed family firms in the Arab world, a region that has received limited attention in previous studies (Basly, 2017). By exploring this developing and relatively unexplored region, the study fills a gap in the literature and expands our knowledge of the capital structure dynamics within large listed family businesses

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Financial Behavior of Family Businesses: A Bibliometric and Systematic Literature Review

Cited by 3 publications

References 50 publications

Indebtedness of North African Firms: Do Family Ownership and Board Attributes Matter?

Indebtedness of North African Firms: Do Family Ownership and Board Attributes Matter?

The Impact of ESG Scores on Corporate Performance - A-Share Banks and Securities Firms

Financing policy of large listed family businesses: Evidence from the Arab world

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