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...

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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/