Our company has only 6 years history in the field. So far we have sold the Database to more than 80
universities (University of Oxford, New York University, University of South Carolina, HEC Montreal,
University of Saint Gallen, University of North Carolina, ESCP, University of Liverpool, etc). You may see
an indicative list of clients in this link 
nrgmetrics and we believe that a
large number of works are due to be published in the coming period. Until now we are aware of 14
published papers and 12 working papers.

Published Papers

  1. Pinelli , Chirico F., De Massis A., and Alessandro Zattoni, (2023). Acquisition Relatedness in Family Firms: Do the Environment and the Institutional Context matter?, Accepted for pubblication in Journal of Management Studies.
  2. Bothello, J., Ioannou, I., Porumb, V.A. & Zengin-Karaibrahimoglu, Y. (2023), CSR Decoupling within Business Groups and the Risk of Perceived Greenwashing. Strategic Management Journal.,
  3. Miroshnychenko I., Eddleston K.A., and Alfredo De Massis, (2023), Fight or flight? Understanding family firm internationalization when the rules of the game change, Journal of World Business, Volume 58, Issue 5, August 2023.
  4. Hasan I., K. Jackowicz, O. Kowalewski, Ł. Kozłowski, (2023), Cultural values of parent bank board members and lending by foreign subsidiaries: The moderating role of personal traits, Journal of International Financial Markets, Institutions and Money, Volume 83, March 2023.
  5. Maurizio La Rocca, Francesco Fasano, Tiziana La Rocca & Neha Neha, (2023), Women in CEO duality and firm performance in Europe, Journal of Management and Governance, Published: 13 February 2023.
  6. G. and P. Johannes (2023) The desire of prestigious audit committee chairs: what are the benefits for financial reporting quality?, Managerial Auditing Journal, 31 March 2023.
  7. Miroshnychenko, I., Vocalelli, S., De Massis, A., Grassi, S. and Ravazzolo, F. (2023). The Covid-19 pandemic and family business performance. Small Business Economics, in press.
  8. Di Gong, Xu, , and J. Yan, (2023). National Development Banks and Loan Contract Terms: Evidence from Syndicated Loans, Journal of International Money and Finance. Volume 130, February 2023.
  9. Eugster Nicolas and Jenny Wang, Large blockholders and stock price crash risk: An international study, (2022). Global Finance Journal, Volume 55, February 2023.
  10. Villalba-Ríos, , Barroso-Castro, C., Vecino-Gravel, J.D., del Mar Villegas-Periñan, M., (2022). Boards of directors and environmental sustainability: Finding the synergies that yield results, Business Strategy and the Environment. First published: 27 December 2022.
  11. Marano, V., Sauerwald, S., and M. Van Essen, (2022). The Influence of Culture on the Relationship between Women Directors and Corporate Social Performance. Journal of International Business Studies.
  12. Lozano-Reina G., Sánchez-Marín, G., and J.S. Baixauli-Solera., (2022). “Say-on-Pay voting dispersion in listed family and non-family firms: A panel data analysis”, Journal of Family Business Strategy, Volume 13, Issue 1.
  13. Miroshnychenko I. and A. De Massis , (2022). Sustainability practices of family and nonfamily firms: A worldwide study, Technological Forecasting and Social Change, Volume 174.
  14. Liao R.C., Loureiro, G., and A.G.Taboada (2022). Gender quotas and bank risk, Journal of Financial Intermediation, Volume 52, October 2022.
  15. Hsu, P.H., Liang, H., and P. Matos, (2021). Leviathan Inc. and Corporate Environmental Engagement, Management Science.
  16. Dupuis, D., Bodolica, V. and Spraggon, M. (2021), “Informational efficiency and governance in restricted share settings: boosting family business leaders’ financing decisions”, Management Decision,
  17. Morris, T., Sodjahin, A., & Boubacar, H. (2021). Ownership structure and women on boards of directors of Canadian listed companies. Corporate Ownership & Control, 18(3), 120-135.
  18. Delis, M., Hasan, I. and S. Ongena. (2020). Democracy and credit. Journal of Financial Economics, Volume 136, Issue 2.
  19. Miroshnychenko, I., De Massis, A., Miller, D., and Barontini, (2020), Family business growth around the world. Entrepreneurship Theory and Practice, forthcoming.
  20. Dal Maso L., Basco,  T. Bassetti  and N. Lattanzi,  (2020). Family ownership and environmental performance: The mediation effect of human resource practices, Business Strategy and the Environment.
  21. Chen, R., El Ghoul, S., Guedhami, O., Kwok, C.Y. and R.C. Nash (2020). International Evidence on State Ownership and Trade Credit: Opportunities and Motivations, Journal of International Business Studies, forthcoming.
  22. Attig, N., El Ghoul, S., Guedhami, O. and X. Zheng, (2020). Dividends and Economic Policy Uncertainty: International Evidence, Journal of Corporate Finance, forthcoming.
  23. Van Essen, M., Heugens, P., Duran, P., Saleh, S.F.,  Sauerwald, S., van Oosterhout, H., and En Xie, (2019). How concentrated owners improve the performance of Asian firms: Filling voids or imposing effective governance? Multinational Business Review.
  24. Myo Jung Cho, Ibrahim, S., and Y. Yan, (2019). The use of nonfinancial performance measures in CEO bonus compensation, Corporate Governance: An International Review, Volume 27, Issue 4.

Working Papers

25. Marcin Borsuk, Nicolas Eugster, Paul-Olivier Kleind, Oskar Kowalewski (2023), Family Ownership and Carbon Emissions, IÉSEG Working Paper Series 2023.

26. Flankova S., V. Marano, M. van Essen, R. Aguilera (2022). A Cross-Country Study of the State’s Multifaceted Impact on Greenwashing, Working Paper.

27. Flankova S.(2022), Irresponsible Families: Analysis of Greenwashing in Family Firms, Working Paper.

28. Adams, S., Fauver, L., Milbach, L. and Taboada, A.G., Bank regulation, internal governance, and bank risk: Global evidence (May 13, 2022). Available at SSRN: or

29. Aoun, A., Doukakis, L.C. and Papanastasopoulos, Georgios A., (2022). Family Ownership and the Accrual Anomaly. Available at SSRN:

30. Eugster N., Kowalewski O. and P. Spiewanowski, (2022). Internal Governance Mechanisms and Corporate Misconduct?, IESEG Working Paper Series 2022 ACF-05.

31. Duran P. and S. Mingo, (2022). Publicly listed Family-Controlled firms and corporate Venture Capital: a Socioemotional Wealth Approach.

32. Duran, P. and M. Santiago, (2021). Family control and corporate venture capital: an unorthodox investment approach. Academy of Management Proceedings 2022 (1).

33. Hao Liang and Cara Vansteenkiste. (2020), Disaster Relief, Inc., European Corporate Governance Institute – Finance Working Paper No. 709/2020.

34. Dupuis  Daniel, Measurement bias in the financial performance of Family Firms, Available at SSRN, 2021,

35. Dupuis, Daniel and Bodolica, Virginia and Spraggon, Martin, Free-Float Liquidity and Trading Constraints: Increasing Informational Efficiency in Family Firms’ Financing Decisions (June 20, 2020). Available at SSRN:

Obviously, there are a lot of other papers that have been submitted to journals but are not available on
the internet in the form of working papers. Because we work with several top Academic Researchers,
particularly in the fields of Ownership Structure and Family Firms, we think it's a matter of time to have a
lot of work that uses our company’s data.

You know firsthand that publishing in top tier journal takes on average 5-7 years. So, it’s not surprising or
anyhow suggestive of low credibility that NRG data are not yet published in top-tier journals. Obviously, a
major advantage that our database offers is the “first mover advantage” thanks to data that other provider
do not supply.