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人们通常都有一个共识,即创始家族的存在对于上市公司的投资者而言总是不利因素。然而来自两位金融学教授的最新研究却恰恰证明了人们的这一共识是错误的。美国大学的安德森教授和坦普尔大学的里布教授发现,这些家族控制式的公司在财务管理和市场业绩上往往有着更为夺目的表现。这类公司达到了6.1％的资产收益率,而一般公司为4.7％。如果以他们的市值作评估标准,家族控制式的公司更是以10％的惊人数字远远高出其它类型的公司。这两位教授们所定义的家族控制式公司有3种、一种是像微软和亚马逊网站(Amazon.com)这
People generally have a consensus that the existence of a founding family is always a negative factor for investors in a listed company. However, the latest research from two finance professors just proves that this consensus is wrong. Professor Anderson at American University and Professor Reb at Temple University found that these family-controlled companies tended to be more prominent in financial management and market performance. Such companies reached a return on assets of 6.1%, compared with 4.7% for the average company. If their market capitalization is used as an assessment criterion, family-controlled companies are at a staggering 10% of other types of companies. There are three family-controlled companies that the two professors define, one that's like Microsoft and Amazon.com