Ronald W Masulis

Scientia Professor in Finance, Macquarie Group Chair of Financial Services, UNSW School of Business, UNSW.

Corporate Philanthropy and its Effects on Firm Value

Critical differences in board tenures and characteristics between family and nonfamily firms affect firm value and performance, argue Professors Huimin Li, Harley Ryan, Lingling Wang and Baozhong Yang. Their study extends our understanding of the mechanisms that govern family firms and has important implications for founding families, investors and policy makers. Although corporate charitable contributions are frequent and often substantial, there …

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