The Trade-Off Between Financial Resources and Agency Costs in the Family Business: An Exploratory Study

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Family Business Succession and Its Impact on Financial Structure and Performance (2010, methodology): “analysis have some limitations that can be eliminated using panel data methodology (Bennedsen et al., 2007; Blanco-Mazagatos et al., 2007; Perez-Gonzalez, 2006).”
Financing Decisions in Family Businesses: A Review and Suggestions for Developing the Field (2017, background): “While most of these studies exclusively focus on privately held firms (Blanco-Mazagatos et al., 2007; Burgstaller & Wagner, 2015; Koropp, Grichnik, & Gygax, 2013; Molly, Laveren, & Deloof, 2010; Molly, Laveren, & Jorissen, 2012), others include both public and private firms in their sample (Amore, M”
Trends in family business research (2013, background): “Within this topic, we have identified a contribution that combines the resource-based view and agency theory to provide a better understanding of the family firm’s financial capacity (Blanco-Mazagatos et al. 2007).”
Financial Decision Making in Family Firms (2014, methodology): “However, future studies could improve on our design by including other factors that influence the financial decision-making process in family firms (e.g., family control affecting financial logic; Blanco-Mazagatos et al., 2007; Romano et al., 2001).”