Print Print

Haoyong Zhou

PhD fellow , M.Sc. Economics
Haoyong Zhou

Department of Economics

Porcelaenshaven 16 A, 1.
Dk-2000 Frederikberg
Tel.: +45 3815 2340
Fax:+45 3815 2576
E-mail: hz.eco@cbs.dk



Link to this homepage: uk.cbs.dk/staff/hz


My research fields center on Corporate Governance in Family Firms. Family firms are argued to be characterized by asset expropriation of large shareholders (dominating owners, that is, family shareholders) at the expense of small investors in the form of either management entrenchment or tunneling , despite their controversial merits in better alignment of management and shareholder interests, longer-term management focus and focal point of core activities.
Since the inception of family firm researches, one microscope seems to be directed the economic consequences of the behaviors of family firms such as disproportionate ownership structure, and board representation. Despite the heavy intertwinement of family and business in family firms, numbered empirical studies touch upon the relationships between characteristics, events and interactions of multi players of controlling family and firm performances or corporate decisions.
My recent project aims to fill the void by proxying for the conflicts in controlling families and scrutinize the potential economic consequences of family conflicts, taking into account the plausible impact of diverse family characteristics on firm performances from the perspective of ruling families.

Primary research areas

  • Corporate Governance
  • Family business research
  • Corporate Finance
  • The theory of Firms
  • New Institutional Economics


Selected publications

Zhou, Haoyong. (2007) “An Inquiry into the Boom of English Clubs: From the Perspective of Corporate Governance of Professional Football Clubs”, Conference Paper Collection of the 4th International Symposium of Corporate Governance, indexed in the CNKI  (Chinese National Knowledge Index) and the ISIP (Index to Scientific & Technical Proceedings) systems.


Last updated by Grethe Mark 04/01/2012