Title

Corporate America's Search for the "Right" Direction: Outlook and Opportunities for Family Firms

Department

Economics, Finance, & Quantitative Analysis

Document Type

Article

Publication Date

12-2002

Abstract

The recent accounting scandals and corporate misdeeds of several high-profile Fortune 500 companies have left the investing public reeling. This paper highlights the attributes and characteristics of family firms that confer operational and financial performance advantages on them vis-à-vis nonfamily, or publicly controlled, firms. As a result, family firms have a unique opportunity to model the way regarding corporate reform.