The Role of Debt in the Family Business Succession Problem

This paper studies the typical succession problem in family businesses with respect to the hiring or not a professional manager once the founder decides to retire. Burkart et al. (2003) show how a legal framework is an important determinant in solving this problem. We extend their model in order to...

Full description

Autores:

González Ferrero, Maximiliano
Misle, Bernardo
Prado, Jorge

Tipo de recurso:

Work document

Fecha de publicación:

2008

Institución:

Universidad de los Andes

Repositorio:

Séneca: repositorio Uniandes

Idioma:

spa

OAI Identifier:

oai:repositorio.uniandes.edu.co:1992/46376

Acceso en línea:

http://hdl.handle.net/1992/46376

Palabra clave:

Family Businesses
Succession
Capital Structure
Emerging Markets
Empresas familiares
Deuda empresarial
Sucesiones
Mercados emergentes
Administración

Rights

openAccess

License

http://creativecommons.org/licenses/by-nc-nd/4.0/