A Review on Family Ownership and Information Asymmetry

African Journal of Business Management, Vol. 3, No. 35, pp. 13550-13558, December 2011

9 Pages Posted: 11 Jan 2012  

Maryam Jabeen

Institute of Management Sciences

Attaullah Shah

Institute of Management Sciences

Date Written: December 22, 2011

Abstract

The motivation for this review paper comes from the growing interest of researchers in governance mechanisms in emerging markets where family and concentrated ownership structures are ubiquitous. Specifically, in this review, we summarize and synthesize hypotheses and findings from different research studies to highlight how and why larger family ownership in a corporation engenders information asymmetry problems and how these problems affect minority shareholders. Towards the end of the review, we discuss some of the mechanisms that can be adopted by minority shareholders to reduce information asymmetry.

Keywords: Information asymmetry, ownership structure, family business, agency costs, corporate disclosure policy, controlling shareholders

Suggested Citation

Jabeen, Maryam and Shah, Attaullah, A Review on Family Ownership and Information Asymmetry (December 22, 2011). African Journal of Business Management, Vol. 3, No. 35, pp. 13550-13558, December 2011. Available at SSRN: https://ssrn.com/abstract=1983438

Maryam Jabeen

Institute of Management Sciences ( email )

Hayatabad, Peshawar

Attaullah Shah (Contact Author)

Institute of Management Sciences ( email )

1-A, Sector E / 5, Phase – VII, Hayatabad, Peshawa
Peshawar, NWFP 25000
Pakistan
+923459146115 (Phone)

HOME PAGE: http://www.opendoors.pk

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