Family firms and debt : risk aversion versus risk of losing control
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 founder or one of his heirs acts as manager, but trends higher as the firm ages...
- Autores:
-
González Ferrero, Maximiliano
Guzmán Vásquez, Alexander
Pombo Vejarano, Carlos
Trujillo Dávila , María Andrea
- Tipo de recurso:
- Article of investigation
- Fecha de publicación:
- 2013
- Institución:
- Colegio de Estudios Superiores de Administración
- Repositorio:
- Repositorio CESA
- Idioma:
- eng
- OAI Identifier:
- oai:repository.cesa.edu.co:10726/5134
- Palabra clave:
- Family control
Capital structure
Colombia
- Rights
- License
- Acceso Restringido