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¿EXISTE UN “FAMILY PREMIUM” EN LA EMPRESA COTIZADA CHINA?

 

 

Authors

Cristina Cruz & Laura Jiménez con Banca March A. M.

Date published: April 2024

This study examines the existence of a “family premium” in the Chinese stock market, i.e. whether companies controlled by a founder or a family group are more profitable than other listed companies in the Asian giant. For this purpose, the CSMAR (China Stock Market & Accounting Research) database was used to analyze 4250 companies listed on the Shanghai and Shenzhen stock exchanges from 2005 to 2020. The results reveal the existence of a “family premium” in the Chinese stock market, suggesting that the advantages of family ownership are reflected even in a context as different as the Chinese market.



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