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What is Operating Performance

Competitiveness, Organizational Management, and Governance in Family Firms
The measure of the efficiency of a company’s assets in the achieving results.
Published in Chapter:
Ownership and Operating Performance of Spanish Family IPO Firms
Fuencisla Martínez Lobato (University of Valencia, Spain), C. José García Martín (University of Valencia, Spain), and José Emilio Farinós Viñas (University of Valencia, Spain)
DOI: 10.4018/978-1-7998-1655-3.ch009
Abstract
Previous studies have shown the existence of a relationship between the ownership structure of a company and its operational performance. In this context, the empirical evidence reveals that after an initial public offering (IPO), companies experience a decline in their operational performance. In this research, the authors investigate whether the characteristics of Spanish family firms led to a different operating behavior with respect to non-family companies when they go public through an IPO. The results show that the particularities of the family firm do not turn into significant differences in operational performance after the listing process.
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