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 listed and unlisted Colombian firms between 1996 and 2006 (5,094 firm-year observations). The study finds that when families are involved in management, debt levels tend to be lower for younger f...
- Autores:
-
González Ferrero, Maximiliano
Guzmán Vásquez, Álvaro Alexander
Pombo Vejarano, Carlos
Trujillo Dávila, María Andrea
- Tipo de recurso:
- Work document
- Fecha de publicación:
- 2011
- Institución:
- Universidad de los Andes
- Repositorio:
- Séneca: repositorio Uniandes
- Idioma:
- spa
- OAI Identifier:
- oai:repositorio.uniandes.edu.co:1992/46365
- Acceso en línea:
- http://hdl.handle.net/1992/46365
- Palabra clave:
- Family businesses
Family control
Capital structure
Colombia
Empresas familiares - Colombia
Empresas familiares - Finanzas
Administración
- Rights
- openAccess
- License
- http://creativecommons.org/licenses/by-nc-nd/4.0/