Global Analysts’ Coverage of Family Firms in an Emerging Market

What is it about?

How do financial analysts make decisions about which firms to cover? Previous research has not considered how such decisions can be influenced by cultural understandings about appropriate forms of corporate governance. We have shown that given the negative view towards family governance in shareholder-based governance model, family firms are less likely to be covered by analyst firms from shareholder-based countries than by those from stakeholder-based countries.

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