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Eastern Academy of Management International 2019 Conference

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Institutional Investors: Striking the Balance with Dominant Families

Sandra Dow
Middlebury Institute for International Studies  |  United States
smdow@miis.edu

Jean McGuire
Louisiana State University  |  United States
mcguire@lsu.edu


Keywords: family ownership; firm performance; international institutional investment


Abstract: Institutional investors frequently coexist with powerful family owners who may prioritize consumption of private benefits. We investigate whether institutional owners who rank behind top family owners promote act as a countervailing force to dominant owners. Our evidence highlights differences in the role of institutional investors in family firms.

 


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