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- W4385872191 abstract "Abstract This short report investigates the stock market behavior of Swiss companies during the COVID‐19 pandemic. Results suggest that family firms performed better during the outbreak and post‐lockdown periods than widely‐held firms. Family firms also displayed a larger abnormal trading volume drop than widely‐held companies. In size‐sorted subsamples, the volume difference appears more pronounced for smaller firms. We explain these findings by family firms, especially smaller ones, predominantly attracting investors with a long‐term horizon. Such investors are less likely to sell during market turmoil, making family firms not only less liquid but also less sensitive to market fluctuations." @default.
- W4385872191 created "2023-08-17" @default.
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- W4385872191 date "2023-08-16" @default.
- W4385872191 modified "2023-10-16" @default.
- W4385872191 title "In family we trust—In good and bad times" @default.
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- W4385872191 doi "https://doi.org/10.1111/irfi.12429" @default.
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