Comparing the effect of family and non-family ownership structure and operational risk on Firm performance

Subject Areas : مدیریت

Farzin Rezaei ¹ (دانشیار، دانشگاه آزاد اسلامی، واحد قزوین، گروه حسابداری، قزوین، ایران)
Mokhtar Amini ² (کارشناس ارشد، دانشگاه آزاد اسلامی، واحد قزوین، گروه حسابداری، قزوین، ایران (عهده دار مکاتبات))

Received: 2014-11-04 Accepted : 2015-03-09 Published : 2015-02-20

Keywords: performance, Operational Risk, Family Firms, Non-Family Firm,

Abstract :

Comparing the performance of the various groups of companies is a way to recognize top companies and introduce them tothe community. So our study investigates comparing the effect of family and non-family ownership structure and operationalrisk on Firm performance. The purpose of this paper is to compare family and non-family firms by determinants of firmperformance .By using determinants of firm performance includes Accounting and market performance, the effect ofownership structure (family- non-family) on firm performance and 123 firms for a period of 7 years were investigated. Weused Mann-Whitney and Liner Regression for testing our hypothesis and after the analysis results show that family firms notoutperform non family firms. But the relationship between operational risk and performance for market to book ratio, returnon equity and sales growth is stronger for family firms.