 Delineating Publicly Listed Family and Nonfamily Controlled Firms: An Approach for Capital Market Research in Australia*Nicholas A. Mroczkowski and George Tanewski Journal of Small Business Management, 2007, vol. 45, issue 3, 320-332 Abstract: Recent capital market research evidence suggests that a large proportion of public companies worldwide are characterized by controlling stockholders who are more often families, usually the founder(s) or their descendants. There has been considerable debate on whether “family” firms can indeed be accurately delineated from nonfamily firms given the diversity and abundance of family business definitions in the literature. This paper provides a robust definition of family business for the purposes of capital market research. Using an accounting‐based definition of family business, the paper outlines a four‐step procedure that provides validation for identifying family controlled companies listed on the Australian Stock Exchange. A significant feature of the research methodology was reliance on data collected from the Australian Securities and Investments Commission. Having access to the corporate regulator's restricted data enabled the researchers to establish important links between directors and their private related entities. Date: 2007 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:ujbmxx:v:45:y:2007:i:3:p:320-332 Ordering information: This journal article can be ordered from DOI: 10.1111/j.1540-627X.2007.00215.x Access Statistics for this article Journal of Small Business Management is currently edited by Eric Liguori More articles in Journal of Small Business Management from Taylor & Francis Journals |
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