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Family involvement and dividend policy in closely held firms
(Sage Publications Inc, 2014-06-11)
This article examines the effects of family involvement on dividend policy in closely held firms that face agency problems involving majority?minority shareholders. We argue that minority shareholders press for dividends ...
Family firms and debt : risk aversion versus risk of losing control
(Elsevier Inc., 2013-11)
This study examines the effect of family management, ownership, and control on capital structure for 523 Colombian firms between 1996 and 2006. The study finds that debt levels tend to be lower for younger firms when the ...
Family firms and financial performance : the cost of growing
(Elsevier BV, 2012-12)
This study examines the relationship between financial performance and family involvement for 523 listed and non-listed Colombian firms over 1996–2006. Using a detailed database and performing several panel data regression ...