Please use this identifier to cite or link to this item: https://doi.org/10.1017/S0022109013000148
Title: The value of marriage to family firms
Authors: Bunkanwanicha, P.
Fan, J.P.H.
Wiwattanakantang, Y. 
Issue Date: Apr-2013
Source: Bunkanwanicha, P., Fan, J.P.H., Wiwattanakantang, Y. (2013-04). The value of marriage to family firms. Journal of Financial and Quantitative Analysis 48 (2) : 611-636. ScholarBank@NUS Repository. https://doi.org/10.1017/S0022109013000148
Abstract: Abstract This paper presents the first empirical evidence showing that the marriage of a member of the controlling family adds value to public corporations. The results, based on a uniquely comprehensive data set from Thailand, show that the family firm's stock price increases when the partner is from either a prominent business or a political family. Abnormal returns tend to be higher for firms whose operation depends on extensive networks. In contrast, marriages to ordinary citizens are not associated with any abnormal returns. These findings are generally supportive of the value of networks in general and marriage in particular. Copyright © Michael G. Foster School of Business, University of Washington 2013.
Source Title: Journal of Financial and Quantitative Analysis
URI: http://scholarbank.nus.edu.sg/handle/10635/114913
ISSN: 00221090
DOI: 10.1017/S0022109013000148
Appears in Collections:Staff Publications

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