Empresa familiar y bolsa: análisis de rentabilidad y estrategias de inversión

• Autores: José Luis Miralles Marcelo, María del Mar Miralles Quirós , Inés Lisboa
• Localización: Revista española de financiación y contabilidad, ISSN 0210-2412, Nº 155, 2012, págs. 383-416
• Idioma: inglés
• DOI: 10.1080/02102412.2012.10779730
• Texto completo no disponible (Saber más ...)
• Dialnet Métricas: 2 Citas
• Referencias bibliográficas
  • Acharya, V., y Pedersen, L. 2005. Asset Pricing with Liquidity Risk. Journal of Financial Economics 77: 375-410.
  • Adams, R.; Almeida, H., y Ferreira, D. 2009. Understanding the relationship between founderCEOs and fi rm performance. Journal of Empirical...
  • Amihud, Y. 2002. Illiquidity and Stock Returns: Cross-Section and Time-Series Effects. Journal of Financial Markets 5: 31-56.
  • Anderson, R., y Reeb, D. 2003. Founding-Family Ownership and Firm Performance: Evidence from the S&P 500. Journal of Finance 58 (3): 1.301-1.328.
  • Aronoff, C., y Ward, J. 1996. Family Business Governance: Maximizing Family and Business Potential, Family Enterprise Publishers, Georgia.
  • Barontini, R., y Caprio, L. 2006. The Effect of Family Control on Firm Value and Performance: Evidence from Continental Europe. European Financial...
  • Black, F.; Jensen, M., y Acholes, M. 1972. The Capital Asset Pricing Model: Some Empirical Tests, in Michael M. Jensen, Ed. Studies in the...
  • Burkart, M.; Panunzi, F., y Shleifer, A. 2003. Family Firms. Journal of Finance 58 (5): 2.167-2.201.
  • Carhart, M. 1997. On Persistence in Mutual Funds Performance. Journal of Finance 52(1), 57-82.
  • Chami, R. 2001. What’s Different about Family Business? Working Paper International Monetary Fund WP/01/70.
  • Chan, K.; Hamao, Y., y Lakonishok, J. 1991. Fundamentals and Stock Returns in Japan. Journal of Finance 46(5): 1.739-1.764.
  • Corstjens, M.; Maxwell, K.; Peyer, U., y Heyden, L. Van der. 2006. Stock Market Performance of Family Firms. IFERA 2006 Research Conference...
  • Daily, C., y Dollinger, M. 1991. Family Firms are Different. Review of Business 13 (1), 3-5.
  • Faccio, M., y Lang, L. 2002. The Ultimate Ownership of Western European Corporations. Journal of Financial Economics 65: 365-395.
  • Fahlenbrach, R. 2009. Founder-CEOs, Investment Decisions, and Stock Market Performance. Journal of Financial and Quantitative Analysis 44:...
  • Fama, E., y French, K. 1992. The Cross-Section of Expected Stock Returns. Journal of Finance, 47 (2): 427-465.
  • Fama, E., y French, K. 1993. Common Risk Factors in the Returns of Stocks and Bonds. Journal of Financial Economics 33 (1): 3-56.
  • Galve, C., y Salas, V. 1994. Análisis de la estructura accionarial de la gran empresa. Revista de Economía Aplicada 2 (4): 75-104.
  • Galve, C., y Salas, V. 2003. La Empresa Familiar en España. Fundamentos económicos y resultados. Fundación BBVA.
  • Giménez, I. 2005. La rentabilidad de las empresas familiares y la bolsa: Mitos y realidades. Análisis Financiero 97: 32-44.
  • Gompers, P.; Ishii, J., y Metrick, A. 2003. Corporate Governance and Equity Prices. Quarterly Journal of Economics 118 (1): 107-155.
  • Hamadi, M. 2011. Ownership concentration, family control and performance of fi rms. European Management Review 7 (2): 116-131.
  • Heflin, F., y Shaw, K. 2000. Blockholder Ownership and Market Liquidity. Journal of Financial and Quantitative Analysis 35 (4): 621-633.
  • Hillier, D., y McColgan, P. 2009. Firm performance and managerial succession in family manager fi rms. Journal of Business Finance and Accounting...
  • La Porta, R.; Lopez-de-Silanes, F., y Shleifer, A. 1999. Corporate Ownership Around the World. Journal of Finance 54: 471–517.
  • Lintner, J. 1965. The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budget. Review of Economics...
  • Lo, A., y MacKinlay, C. 1990. Data Snooping biases in tests of fi nancial asset pricing models. Review of Financial Studies 3: 431-467.
  • Mackinlay, A., y Richardson, M. 1991. Using Generalized Method of Moments to Test MeanVariance Effi ciency. Journal of Finance 46 (2): 511-527.
  • Martínez, M.A.; Nieto, B.; Rubio. G., y Tapia. M. 2005. Asset Pricing and Systematic Liquidity Risk: An empirical investigation of the Spanish...
  • Maury, B. 2006. Family ownership and fi rm performance: Empirical evidence from Western European corporations. Journal of Corporate Finance...
  • Menéndez, S. 2000. Determinantes Fundamentales de la Rentabilidad de las Acciones. Revista Española de Financiación y Contabilidad 29 (106):...
  • Miller, D.; Breton-Miller, I.; Lester, R., y Cannella, A. 2007. Are Family Firms Really Superior Performers? Journal of Corporate Finance...
  • Mínguez, A., y Martín, J. 2004. Concentración Accionarial y Liquidez de Mercado. Un Análisis con Ecuaciones Simultáneas. Revista de Economía...
  • Miralles, J. L., y Miralles, M. M. 2003. Actividad Negociadora y Esperanza en la Bolsa de Valores Española. Revista de Economía Financiera...
  • Miralles, J. L., y Miralles, M. M. 2006. Valoración de activos con riesgo de liquidez en el mercado bursátil español. Revista de Economía...
  • Mukherjee, S., y Padgett, C. 2006. Return Differences Between Family and Non-Family Firms: Absolute and Index Differences. ICMA Centre Discussion...
  • Nieto, M.; Casasola, M.; Fernández, Z., y Usero, B. 2009. Impacto de la Implicación Familiar y de Otros Accionistas de Referencia en la Creación...
  • Oswald, S., y Jahera, J. 1991. The Infl uence of Ownership on Performance: An Empirical Study. Strategic Management Journal 12 (4): 321-326.
  • Pástor, L., y Stambaugh, R. 2003. Liquidity Risk and Expected Stock Returns. Journal of Political Economy 111 (3): 642-685.
  • Pindado, J.; Requejo, I., y De la Torre, C. (2008). Do family fi rms outperform non-family ones? A panel data analysis of Western European...
  • Rojo. A. 2009. Importancia de la valoración de la empresa familiar: los problemas de liquidez. Revista de Estudios Empresariales 2: 38-61.
  • Santana, D., y Aguiar, I. 2006. El último propietario de las empresas cotizadas españolas (1996-2002). Cuadernos de Economía y Dirección de...
  • Schulze, W.; Lubatkin, M., y Dino, R. 2003. Exploring the Agency Consequences of Ownership Dispersion among the Directors of Private Family...
  • Schulze, W.; Lubatkin, M.; Dino, R., y Buchholtz, A. 2001. Agency Relationships in Family Firms: Theory and Evidence. Organization Science...
  • Sharpe, W. 1964. Capital Asset Prices: A Theory of Market Equilibrium under Conditions of Risk. Journal of Finance 19 (3): 425-442.
  • Sraer, D., y Thesmar, D. 2007. Performance and Behavior of Family Firms: Evidence from the French Stock Market. Journal of the European Economic...
  • Treynor, J. 1965. How to Rate Management of Investment Funds. Harvard Business Review 43: 63-75.
  • Van den Berghe, L., y Carchon, S. 2003. Agency Relations within the Family Business System: an Exploratory Approach. Corporate Governance:...
  • Villalonga, B., y Amit, R. 2006. How Do Family Ownership, Control, and Management affect Firm Value? Journal of Financial Economics, 80: 385-417.
  • Villalonga, B., y Amit, R. 2010. Family control of fi rms and industries. Financial Management 39 (3): 863-904