William Mullins' Academic Webpage


Publications

Using a survey of 800 Chief Executive Officers (CEOs) in 22 emerging economies, we show that CEOs' management styles and philosophies vary with the ownership and governance structure of their firms. Founders and CEOs of firms with greater family involvement display a greater stakeholder focus and feel more accountable to employees and banks than to shareholders. They also have a more hierarchical management approach, and see their role as maintaining the status quo rather than bringing about change. In contrast, CEOs of non-family firms emphasize shareholder-value-maximization. Finally, firm-level variation in ownership is as important in explaining management philosophies as cross-country or industry-level differences.



Working papers

Unconventional Monetary Policy and Bank Lending Relationships (with A. Duquerroy and C. Cahn)

Credit Guarantees and Credit Constraints (with P. Toro)






William Mullins


Assistant Professor
of Finance




R.H. Smith School of Business
University of Maryland
4420 Van Munching Hall
College Park, MD 20742