The DOI matches its Crossref record; 45 of the 45 references it cites were found in a registry or an index.
Family Control of Firms and Industries
Open accessAbstract
We test what explains family control of firms and industries and find that the explanation is largely contingent on the identity of families and individual blockholders. Founders and their families are more likely to retain control when doing so gives the firm a competitive advantage, thereby benefiting all shareholders. In contrast, nonfounding families and individual blockholders are more likely to retain control when they can appropriate private benefits of control. Families are more likely to maintain control when the efficient scale is small, the need to monitor employees is high, investment horizons are long, and the firm has dual‐class stock.
Overview
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Integrity signals
Registry
Cites
Statistics
Verification
Claims the paper makes
The claims and statistics of this paper haven’t been checked yet.
Run the check — free, no account needed. It reads the open-access text and checks the sources it cites.
Self-check
Percentages, sums and reported differences re-computed from the paper’s own numbers.
The self-check needs the paper’s full text.
Citations
Cites
Theory of the firm: Managerial behavior, agency costs and ownership structure
Jensen, M. C., & Meckling, W. H. (1976) · Journal of Financial Economics · doi:10.1016/0304-405x(76)90026-x · Cited by 71,491
Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers
Jensen, M. C. (1986) · Cited by 17,275
Corporate Ownership Around the World
La Porta, R., Lopez‐De‐Silanes, F., & Shleifer, A. (1999) · The Journal of Finance · doi:10.1111/0022-1082.00115 · Cited by 10,541
The Modern Corporation and Private Property
Kline, J. V., Berle, A. A., & Means, G. C. (1933) · Columbia Law Review · doi:10.2307/1115736 · Cited by 7,361
The Structure of Corporate Ownership: Causes and Consequences
Demsetz, H., & Lehn, K. (1985) · Journal of Political Economy · doi:10.1086/261354 · Cited by 6,236
The separation of ownership and control in East Asian Corporations
Claessens, S., Djankov, S., & Lang, L. H. P. (2000) · Journal of Financial Economics · doi:10.1016/s0304-405x(00)00067-2 · Cited by 5,754
Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500
Anderson, R. C., & Reeb, D. M. (2003) · The Journal of Finance · doi:10.1111/1540-6261.00567 · Cited by 5,122
How do family ownership, control and management affect firm value?
Villalonga, B., & Amit, R. (2006) · Journal of Financial Economics · doi:10.1016/j.jfineco.2004.12.005 · Cited by 4,185
Self-citationInvestor Protection and Corporate Valuation
La Porta, R., Lopez‐De‐Silanes, F., Shleifer, A., & Vishny, R. (2002) · The Journal of Finance · doi:10.1111/1540-6261.00457 · Cited by 4,050
Disentangling the Incentive and Entrenchment Effects of Large Shareholdings
Claessens, S., Djankov, S., Fan, J. P. H., & Lang, L. H. P. (2002) · The Journal of Finance · doi:10.1111/1540-6261.00511 · Cited by 3,842
Metadata
- Authors
- Villalonga, B., & Amit, R.
- Venue
- Financial Management
- Publisher
- Wiley
- Published
- 2010-09
- Volume
- 39
- Issue
- 3
- Pages
- 863-904
- ISSN
- 0046-3892 (ISSN-L)
- 1755-053X
- OpenAlex
- W3123693218
- Cited by
- 394
- References
- 45
- FWCI
- 30.05
- Type
- journal article
- Language
- en
- Open access
- green
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
How to cite
Cite CoChat for the checks on this page, and the paper for its own findings.
- This page
- CoChat. (2026). Citation check: Family Control of Firms and Industries. https://app.cochat.ai/papers/10.1111/j.1755-053x.2010.01098.x
- The paper
- Villalonga, B., & Amit, R. (2010). Family Control of Firms and Industries. Financial Management. https://doi.org/10.1111/j.1755-053x.2010.01098.x
Data sources
Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.