Capital Markets and the Evolution of Family Businesses

By H. B, Franklin Allen, S. Banerjee, David Bates, Patrick Bolton, R. Chami, T. George, John Heaton, Charles Kahn, Thomas A. Rietz and 5 more. 2001

130 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Organizational Behavior and Human Resource Management

View Paper: https://www.semanticscholar.org/paper/457f8004c3c2576143cd1181a504a8c1a14b324a

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Citations in the corpus

The Effect of Family Control on Firm Value and Performance. Evidence from Continental Europe (2006, unknown): “…U.S., recent theoretical analysis has highlighted the role families can be expected to play, especially when the financial markets are underdeveloped and the legal protection of investors is poor (Bhattacharya and Ravikumar, 2001; Burkart, Panunzi and Shleifer, 2003; Almeida and Wolfenzon, 2004).”
Family Governance and Firm Performance: Agency, Stewardship, and Capabilities (2006, background): “This can occur, for example, if there are special types of shares that provide control with little ownership (Bhattacharya & Ravikumar, 2001; Morck & Yeung, 2003).”
Business Groups in Emerging Markets: Paragons or Parasites? (2007, unknown): “…to intra-family feuds.31 The relation between family considerations and business group structure is apparently not specific to Thailand: Piramal (1998, p. 337), for example, provides anecdotes describing how 30 See, for example, Bhattacharya and Ravikumar (2001), Caselli and Gennaioli (2002).”
The Adolescence of Family Firm Research (2012, unknown): “In particular, family firm prevalence has been associated with underdeveloped capital markets (Bhattacharya & Ravikumar, 2001), weak formal protection for minority investors (Burkart et al., 2003), poor commercial law (Gilson, 2007), the absence of physical infrastructure (Fisman & Khanna, 2004),…”
Financing Decisions in Family Businesses: A Review and Suggestions for Developing the Field (2017, background): “(2010) Equity Retention of control NA Within FB Germany Adams, Manners, Astrachan, and Mazzola (2004) Multiple Aversion to risk Demand NA NA Ahlers, Hack, and Kellermanns (2014) Equity NA Supply Within NA Al-Ajmi et al.”