Effects of family ownership and management on small business equity financing

By Zhenyu Wu, Jess H. Chua, James J. Chrisman. 2007

179 citations recorded by the source corpus.

Subfields: Accounting, Management of Technology and Innovation, Organizational Behavior and Human Resource Management

View Paper: https://www.semanticscholar.org/paper/5624d06ecd009f97e17badd7a4f94e68cc34084e

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In Accounting

In Management of Technology and Innovation

In Organizational Behavior and Human Resource Management

Citations in the corpus

Resilience in family and nonfamily firms: an examination of the relationships between manufacturing strategy, competitive strategy and firm performance (2011, background): “( 2007 ), a fruitful area of research on family businesses should be a focus on the strategic choices made by those firms rather than on the family involvement in the business.”
Financial Decision Making in Family Firms (2014, methodology): “, 2001; Sirmon & Hitt, 2003): They often forgo growth opportunities rather than endanger family control by issuing external equity (Mahérault, 2004; Wu et al., 2007).”
The Adolescence of Family Firm Research (2012, unknown): “For example, in a study of 2,116 small and medium-sized Canadian firms, Wu, Chua, and Chrisman (2007) found that family involvement decreases the use of equity, especially public equity.”
Equity or Debt Financing: Does Good Corporate Governance Matter? (2012, unknown): “1 Firms with strong corporate governance are also less likely to manipulate financial information (Wu et al. 2007).”
Entrepreneurship and Family Firm Research: A Bibliometric Analysis of An Emerging Field* (2016, background): “…of models that allow a better understanding of issues such as interpersonal trust (Sundaramurthy 2008), or the potential advantages of the different types of ownership structure on funding opportunities and agency cost reduction in family firms (Wright et al. 2009; Wu, Chua, and Chrisman 2007).”
Financing Decisions in Family Businesses: A Review and Suggestions for Developing the Field (2017, background): “Usually, the distance between family firms and outside investors is quite large, mainly due to the so-called empathy gap between owners and investors (Poutziouris, 2011) or because of the generally preferred retention of control rather than the firm’s growth and development (Wu et al., 2007).”
Family Business Growth Around the World (2020, background): “If family members wish to retain control of their firms, they will be less likely to incur debt (Mishra & Mcconaughy, 1999; Molly et al., 2019), or to issue shares that dilute their control (Villalonga & Amit, 2009; Wu et al., 2007).”