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Ownership and Operating Performance of Spanish Family IPO Firms

Ownership and Operating Performance of Spanish Family IPO Firms

Fuencisla Martínez Lobato, C. José García Martín, José Emilio Farinós Viñas
Copyright: © 2020 |Pages: 24
ISBN13: 9781799816553|ISBN10: 1799816559|ISBN13 Softcover: 9781799816584|EISBN13: 9781799816560
DOI: 10.4018/978-1-7998-1655-3.ch009
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MLA

Martínez Lobato, Fuencisla, et al. "Ownership and Operating Performance of Spanish Family IPO Firms." Competitiveness, Organizational Management, and Governance in Family Firms, edited by Cesar Camisón and Tomás González, IGI Global, 2020, pp. 210-233. https://doi.org/10.4018/978-1-7998-1655-3.ch009

APA

Martínez Lobato, F., García Martín, C. J., & Farinós Viñas, J. E. (2020). Ownership and Operating Performance of Spanish Family IPO Firms. In C. Camisón & T. González (Eds.), Competitiveness, Organizational Management, and Governance in Family Firms (pp. 210-233). IGI Global. https://doi.org/10.4018/978-1-7998-1655-3.ch009

Chicago

Martínez Lobato, Fuencisla, C. José García Martín, and José Emilio Farinós Viñas. "Ownership and Operating Performance of Spanish Family IPO Firms." In Competitiveness, Organizational Management, and Governance in Family Firms, edited by Cesar Camisón and Tomás González, 210-233. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-7998-1655-3.ch009

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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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